Skip To Content

5700 Clemson Street

Los Angeles (City), CA 90016
  • $3,750,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 23312819
$3,750,000
  • 12
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,604
    SQFT
  • $568
    $/SQFT
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Mark Farhad Yusupov of Keller Williams Beverly Hills (310-432-6400) and Alexandru Tolocenco of Tolo Realty(323-378-9060)


Description

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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143548184
Print Image

5700 Clemson Street Los Angeles (City), CA 90016

  • Price: $3,750,000
  • Status: Active
  • On Site: 74 Days
  • ID#: 23312819
12
Beds
0
Baths
0
½ Baths
0.41
Acres
6,604
SQFT
$568
$/SQFT
1948
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
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.
Exterior Features

Architectural Style Contemporary Attached Garage YN No Carport Spaces 8 Carport YN Yes Foundation Details Raised Parking Features Detached CarportDriveway Down Slope From Street Parking Total 8 Roof CompositionShingle View City LightsHills View YN Yes

Interior Features

Appliances DishwasherGas CooktopDisposalGas OvenMicrowaveOvenRefrigeratorDryerWasher Cooling Central AirDualElectric Cooling YN Yes Flooring Laminate Heating CentralElectricHeat PumpZoned Heating YN Yes Interior Features Ceiling Fan(S) Window Features Double Pane Windows

Property Features

Association YN No Buyer Financing CashConventionalPrivate Cap Rate 4.5 Disclosures Easement(S)Familial RelationSeller Disclosure Gross Income 240000 Laundry Features InsideStacked Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 168000 New Construction YN No Possession Close Of Escrow Property Condition Updated/Remodeled Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash Collection Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371944326-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371944326-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371944326-2.jpg
Logo
Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Mark Farhad Yusupov of Keller Williams Beverly Hills (310-432-6400) and Alexandru Tolocenco of Tolo Realty(323-378-9060)