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$1,100,000

Beds
4
sq ft
4,044

4307 Clinton St, Los Angeles, CA 90004

4307 Clinton St

Los Angeles, CA 90004

  • 2 days on market
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are 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 ground up 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. *Buyer to Verify Bedroom Count. Two Bedrooms are Legally One Bedrooms Per Los Angeles Assessor.

Details

Property type

Lot size

4,078 sq ft

Price per sq ft

$273

Year built

1921

HOA

No

Price History

09/17/2024
CLAW

CLAW #24440741

Listed
$1,100,000
07/17/2024
CLAW

CLAW #24373931

Removed
$1,100,000
05/10/2024
CLAW

CLAW #24373931

Price change
$1,100,000
-8.33%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

June 2022

Original loan amount

$380,000

Est. remaining balance

Not provided

Interest rate

4.05%

Loan type

New Conventional, 30 year

Seller

Oz Clinton Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 7:55 PM

Listing updated: 09/17/2024 at 10:59 AM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #24440741

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