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Multifamily

4307 Clinton St

4307 Clinton St, Los Angeles, CA 90004

Listing Price: $1,200,000

Cap Rate
4.96%
Number of Units
4
GRM
14.15
Price/Unit
$300,000
Price/Gross SF
$296.74
Gross SF
4,044

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire a four-unit apartment community situated north of Koreatown. The subject property is located southwest of the 101 Freeway & east of Normandie Avenue.

The property is situated on a 4,078 square foot parcel and comprises of four large units. There is 42% remaining rental upside that new ownership can capture through interior renovations.

As one of Los Angeles’ most densely populated neighborhoods, this submarket’s popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new groundup development in the immediate gentrifying area, the location has been catering to families, young professionals and artists alike in recent years.

Taking into consideration the property’s strong location and remaining value-add components, 4307 Clinton Street is well suited to provide investors with healthy returns and long-term appreciation potential.

Investment Highlights

  • There is 42 Percent Remaining Rental Upside Through Interior Renovations
  • Current Ownership Has Attentively Maintained the Property
  • Located in a Sought-After Pocket North of Koreatown and South of Hollywood. With a Walk Score of 80, Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment
  • Family Owned and Operated for the Last 13 Years

Exclusively Listed By

Financing By

Multifamily

4307 Clinton St

Listing Price: $1,200,000

Cap Rate
4.96%
Number of Units
4
GRM
14.15
Price/Unit
$300,000
Price/Gross SF
$296.74
Gross SF
4,044

Investment Highlights

  • There is 42 Percent Remaining Rental Upside Through Interior Renovations
  • Current Ownership Has Attentively Maintained the Property
  • Located in a Sought-After Pocket North of Koreatown and South of Hollywood. With a Walk Score of 80, Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment
  • Family Owned and Operated for the Last 13 Years

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire a four-unit apartment community situated north of Koreatown. The subject property is located southwest of the 101 Freeway & east of Normandie Avenue. The property is situated on a 4,078 square foot parcel and comprises of four large units. There is 42% remaining rental upside that new ownership can capture through interior renovations. As one of Los Angeles’ most densely populated neighborhoods, this submarket’s popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new groundup development in the immediate gentrifying area, the location has been catering to families, young professionals and artists alike in recent years. Taking into consideration the property’s strong location and remaining value-add components, 4307 Clinton Street is well suited to provide investors with healthy returns and long-term appreciation potential.

Exclusively Listed By

Financing By

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