4307 Clinton St Los Angeles, CA 90004

This 4-unit apartment building, located in Los Angeles (90004), presents a compelling value-add opportunity. Situated on a 4,078 square foot lot, the property boasts 4,044 square feet of living space, offering a compelling $253.46 per square foot price. Built in 1921, this two-story building features four large units, each priced at $256,250. The current NOI is $61,586, with a pro-forma NOI of $96,770, reflecting a 6.01% cap rate and a pro-forma cap rate of 9.44%. The property benefits from a desirable location north of Koreatown and south of Hollywood, in a densely populated area with a walk score of 80, providing convenient access to employment centers, retail, and entertainment. There is significant upside potential (41%) through interior renovations. The property has been meticulously maintained by the same family ownership for the past 13 years, ensuring a clean and well-managed asset. The permitted zoning is LAR3. This investment offers strong potential for healthy returns and long-term appreciation. The asking price is $1,025,000.