4307 Clinton St Los Angeles, CA 90004
- Commercial real estate
- 4,044 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4307 Clinton St
- Year built
- 1921
- Property size
- 4,044 SF
- Property type
- Commercial real estate
- APN
- 5520-004-025
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29722483847
- Latitude
- 34.081255730229