4307 Clinton St, Los Angeles, CA 90004
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4307 Clinton St Los Angeles, CA 90004

$1,200,000
  • 8 Beds
  • 4 Baths
  • 4,044 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified

Map preview of 4307 Clinton St, Los Angeles, CA 90004

Property Overview: 4307 Clinton St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,044 living square feet and 4,078 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 27
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Home details

Lot Sq. Ft
4,078
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24373931
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,697
  • Total Rent: $1,697
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,697
  • Total Rent: $1,697
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,274
  • Total Rent: $1,274
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.96%
  • Gross Rent Multiplier: 14.15
  • Gross Scheduled Income: --
  • Net Operating Income: $59,547
  • Gross Operating Income: $85,296
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4307 Clinton St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Total # of Units: 4
  • Parcel Number: 5520004025
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Melrose Avenue & West of Vermont Avenue
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Sale History for 4307 Clinton St

Last sold for $400,000 on November 16th, 2011
  • March, 2024

  • Mar 28, 2024

    Date

    Active

    CRMLS: 24373931

    $1,200,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23290129

    $1,300,000

    Price

  • Jul 13, 2023

    Date

    Active

    CRMLS: 23290129

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    I am 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. Two bedrooms are legally one bedrooms per Los Angeles Assessor, Buyer to verify. 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 health returns and long-term appreciation potential.

  • November, 2011

  • Nov 16, 2011

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

  • August, 2011

  • Aug 11, 2011

    Date

    Sold (Public Records)

    Public Records

    $396,605

    Price

Show More

Tax History for 4307 Clinton St

Assessed Value (2020): $459,754
Year Land Value Improved Value Assessed Value
2020 $287,123 $172,631 $459,754

Home Value Compared to the Market

This property vs the competition

4307 Clinton St is listed 2.91% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $296.74 per/sqft which puts the price per square foot 61.61% lower than the median price per square foot for the city of Los Angeles.

About 4307 Clinton St

Detailed summary of property

4307 Clinton St is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 4,044 living square feet, and sits on an approximately 4,078 square foot lot. 4307 Clinton St was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.91% lower than the median priced home. Local competing homes currently for sale include 810 N Hobart Blvd, 533 N Commonwealth Ave and 317 N Commonwealth Ave. While the average home in Los Angeles, CA is selling in 96 days, 4307 Clinton St has a days on market of 27 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 4307 Clinton St Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4307 Clinton St

Public county record property details
Beds
4
Baths
4
Year built
1921
Sq. Ft.
4,044
Lot Size
4,078
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
151
APN
5520-004-025

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,349,000
Median List Price/Sq.Ft.
$806
Median Sold Price
$1,163,014
Median Sold Price/Sq.Ft.
$789
Total Inventory
67
Median Sale to List Price %
93.04%
Avg Days on Market
39
Loan Type
Conventional (27.27%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Related Resources to 4307 Clinton St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.