5012 CLINTON STREET, LOS ANGELES, CA 90004

  • 21,812 sqft
  • Lot Size: 36,587 sqft
  • Built in 1949
  • MLS #19439682
For Sale $8,395,000

Description

APARTMENT OR DEVELOPMENT OPPORTUNITY. Predominantly market rents. Beautiful large courtyard style building. 14 two bedroom units and 10 one bedroom units, for a total of 24 units. Four 2nd floor units with balconies/ two units with patios. All units have formal dining rooms or dining areas with wainscoting. Living rooms with hardwood floors and tiled floors in kitchen and bathrooms. Full baths with tub and shower. Individual hot water heaters. Tenants pay for electric and gas. No laundry contract / building owns washers and dryers and the majority of the refrigerators. Building is 100% occupied and is subject to LA Rent Control. 24 covered parking spaces. Development Opportunity/ Cash-flow while obtaining entitlements Zoned LAR3 . 36,587 Sq. Ft. Density Bonus for "very low, low & mod income allocation"

FACTS / FEATURES

  • Built in 1949
  • Lot Size: 36,587 sqft
  • Cooling: None
  • Heating: Wall Furnace

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Listing Provided by Philip Seymour, Elite Properties Realty
Based on information from California Regional Multiple Listing Service, Inc. as of March 4, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.