5700 Clemson Street Los Angeles, CA $ 3,750,000
5700 Clemson Street
$ 3,750,000
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5700 Clemson Street

Los Angeles, CA, 90016
$ 3,750,000
Bedrooms12 Baths8.0 Sq 6,604

Monthly Estimate*

$ 26,195

Listed by Keller Williams Beverly Hills
5700 Clemson Street, Los Angeles, CA 90016 - Image 1
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5700 Clemson Street, Los Angeles, CA 90016 - Image 12
5700 Clemson Street, Los Angeles, CA 90016 - Image 13
5700 Clemson Street, Los Angeles, CA 90016 - Image 14

Multi-Family Home for sale in Los Angeles, CA

for $3,750,000 with 12 bedrooms and 8 full baths. This 6,604 square foot home was built in 1948 on a lot size of 0.4131.

RTI plans to add another seven units to the existing renovated 8-unit apartment building on a large lot with parking. There is also an option for fractional ownership. Currently, there are four 2-bed 1-Bath and four 1-bed 1-Bath units. Six of those eight units were taken to the studs and completely renovated with new double-pane Milgard windows, copper plumbing, electrical wiring, mini-split-system HVAC, wine coolers, and other high-end finishes. Sellers have RTI plans to add 3 townhouse-style units and add 4 townhouse-style ADUs. All units will be 2 beds + 2.5 baths with spacious floor plans (+/- 1,250 SF), rooftop decks, and private yards. The property is on a quiet tree-lined street in a quickly developing Culver City adjacent neighborhood project. It is within two blocks of the La Cienega/Jefferson Light Rail Metro Station that connects Downtown Los Angeles and Santa Monica. The property is within a 5-minute walk to Target and Whole Foods Market. There are multiple transformational development projects within a few blocks of numerous major employers within a 1.5-mile radius. Call for more details.

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Multi-Family Active

Price

$ 3,750,000

Bedrooms

12

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

0.4131

Year Built

1948

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23312819

Days on Market

230

Features
General
Interior Features CeilingFans
Sewer Other
Heating Central Electric HeatPump Zoned
Cooling CentralAir Dual Electric
Possession CloseOfEscrow
Roof Composition Shingle
Appliances Dishwasher GasCooktop Disposal GasOven Microwave Oven Refrigerator Dryer Washer
Zoning LARD1.5
Architectural Style Contemporary
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1948
Tenant Pays CableTV Electricity Gas TrashCollection
View CityLights Hills
Stories 1
Levels One Two
Gross Income 240000.0
County Los Angeles
Net Operating Income 168000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional Private
Directions East of La Cienega Blvd South of Jefferson Blvd.
City Los Angeles
Disclosures Easements FamilialRelation SellerDisclosure
View Y/N Y
Senior Community Y/N N
Total Units 8
MLS Area PHHT - Park Hills Heights
Lot Size Square Feet 17996.0
Private Pool N
Waterfront Y/N N
Carport Spaces 8.0
Carport Y/N Y
Street Name Clemson
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 85
Standard Status Active
Occupancy Description Tenant
Cap Rate 4.5
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Interior
Flooring Laminate
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Laundry Features Inside Stacked
Total Bedrooms 12
Electric On Property Y/N N
Total Baths 8
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Exterior
Parking Features DetachedCarport DrivewayDownSlopeFromStreet
Total Parking 8.0
Lot Size Area 17996.0
Foundation Details Raised
Number of Buildings 1
Spa N
Building Area Total 6604.0
Lot Size Acres 0.4131
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5700
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* Excluded Features
List By
Keller Williams Beverly Hills

Broker

(323) 284-5979

Phone

Affordability Calculator

$26,195
Per Month
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Monthly Principal & Interest
$26,195
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/20/2023$3,750,000 Listed Price

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5700 Clemson Street, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $3,750,000 with 6,604 sqft and a lot size of 0.4131. 5700 Clemson Street has 12 bedrooms, 8.0 baths, and was built in 1948. The property's zip code is 90016 which is in Los Angeles, CA