Skip to main content

Multifamily

4316 Clinton Street

4316 Clinton St, Los Angeles, CA 90004

Listing Price: $1,980,000

Cap Rate
5.24%
Number of Units
6
GRM
12.91
Occupancy
97.0%
Price/Unit
$330,000
Price/Gross SF
$402.11
Gross SF
4,924

Investment Overview

Leonardo Laterza of Marcus & Millichap, as an exclusive listing agent is proud to present a prime multifamily investment opportunity at 4316-4320 Clinton St, located just south of Melrose Ave and north of Rosewood Ave, right between Alexandria & Kenmore Ave in one of the most desirable pockets of Los Angeles. This well
maintained building consists of two separate structures and offers desirable unit mix of four 2 bed /1 bath units and two studios. Each unit is equipped with in-unit washer and dryer, providing residents with enhanced convenience and modern functionality.

The property has undergone extensive interior renovations where five out of the six units have been highly renovated including the following: brand-new kitchen cabinets, quartz countertops, modern backsplashes, new flooring, upgraded travertine tiles in kitchens and bathrooms, new bathroom vanities, fresh paint, updated light fixtures, and new AC and heating units. Only one unit has not been renovated allowing the new owner to execute on the proven value add plan.

Furthermore, the capital improvements include all-new windows throughout and resealed roof. The property is separately metered for gas and electricity, and the trash is paid through the City of LA. Additionally, there are four one-car garages and two additional open parking spaces. This setup presents a potential for additional income, especially through ADU conversions with individual garages.

This offering represents a rare opportunity to acquire a well-positioned and maintained asset with strong in-place cash flow, evidenced by a 5.24% CAP rate. Additionally, there is a 15% rental upside potential, achievable as units turn over and further renovations are implemented, providing the next owner with proven value-add potential.

With a Walk Score of 81, the property benefits from a highly accessible location. Major freeways such as the 101 and CA-60 are nearby, and key employment hubs like LA City College, Kaiser Permanente, Wilshire State Bank, Netflix, Paramount Studios, and YMCA Korea Town. Located one mile from Vermont/Beverly Metrolink station, this location offers convenient transit options, making this location ideal for commuters
traveling to Downtown LA, Hollywood and Santa Monica. The property’s position within the thriving Pomona market makes it an excellent long-term investment.

Investment Highlights

  • Four one-car garages + two open parking spaces
  • In-unit washers & dryers
  • Units separately metered for gas & electric

Exclusively Listed By

Multifamily

4316 Clinton Street

Listing Price: $1,980,000

Cap Rate
5.24%
Number of Units
6
GRM
12.91
Occupancy
97.0%
Price/Unit
$330,000
Price/Gross SF
$402.11
Gross SF
4,924

Investment Highlights

  • Four one-car garages + two open parking spaces
  • In-unit washers & dryers
  • Units separately metered for gas & electric

Investment Overview

Leonardo Laterza of Marcus & Millichap, as an exclusive listing agent is proud to present a prime multifamily investment opportunity at 4316-4320 Clinton St, located just south of Melrose Ave and north of Rosewood Ave, right between Alexandria & Kenmore Ave in one of the most desirable pockets of Los Angeles. This well maintained building consists of two separate structures and offers desirable unit mix of four 2 bed /1 bath units and two studios. Each unit is equipped with in-unit washer and dryer, providing residents with enhanced convenience and modern functionality. The property has undergone extensive interior renovations where five out of the six units have been highly renovated including the following: brand-new kitchen cabinets, quartz countertops, modern backsplashes, new flooring, upgraded travertine tiles in kitchens and bathrooms, new bathroom vanities, fresh paint, updated light fixtures, and new AC and heating units. Only one unit has not been renovated allowing the new owner to execute on the proven value add plan. Furthermore, the capital improvements include all-new windows throughout and resealed roof. The property is separately metered for gas and electricity, and the trash is paid through the City of LA. Additionally, there are four one-car garages and two additional open parking spaces. This setup presents a potential for additional income, especially through ADU conversions with individual garages. This offering represents a rare opportunity to acquire a well-positioned and maintained asset with strong in-place cash flow, evidenced by a 5.24% CAP rate. Additionally, there is a 15% rental upside potential, achievable as units turn over and further renovations are implemented, providing the next owner with proven value-add potential. With a Walk Score of 81, the property benefits from a highly accessible location. Major freeways such as the 101 and CA-60 are nearby, and key employment hubs like LA City College, Kaiser Permanente, Wilshire State Bank, Netflix, Paramount Studios, and YMCA Korea Town. Located one mile from Vermont/Beverly Metrolink station, this location offers convenient transit options, making this location ideal for commuters traveling to Downtown LA, Hollywood and Santa Monica. The property’s position within the thriving Pomona market makes it an excellent long-term investment.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower