5700 Clemson Street

Los Angeles, CA 90016

$3,750,000
Price
12
Beds
8
Baths
6,604 Sq. Ft.
$568 / Sq. Ft.
6,604
Sq. Ft.
$568
per Sq. Ft.

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...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.
  1. Listed by Mark Farhad Yusupov • DRE #01314818 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Alexandru Tolocenco • DRE #01938394 • Tolo Realty

Property Details for 5700 Clemson Street

Water Front
None
Zoning
LARD1.5
Style
Contemporary
Cross Streets
Clyde Avenue
Parcel Number
5047021041
Total Units
8.0
Living Area
6604
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Keller Williams Beverly Hills, Mark Farhad Yusupov, DRE #01314818; Tolo Realty, Alexandru Tolocenco, DRE #01938394
Add your commute
LISTING UPDATED: 12/14/2023 05:14 PM

Property Details for 5700 Clemson Street

StatusActive
MLS #23-312819
Days on Market264
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.41 AC / 17,996 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Mark Farhad Yusupov, DRE #01314818; Tolo Realty, Alexandru Tolocenco, DRE #01938394
Add your commute

Building Information for 5700 Clemson Street

Stories2Residences-Year Built1948Building Size-Lot Size0.41 AC / 17,996 SF

Payment Calculator

$22,881 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$2,416

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5700 Clemson Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Remodeled
  • View: Yes
  • View Description: City Lights, City, Hills
  • View: City Lights, Hills
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless, Gas
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional, Private
  • Disclosures: Property Report, As Is, Owner Has R.E. License, Owner Is Listing Agent, LA/Owner Related, Easements
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $240,000
  • Net Operating Income: $168,000.00
  • Gross Income: $240,000
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $15.60
  • Total Annual Expense: 72000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4131
  • Lot Size Square Feet: 17996
Parking Details
Parking Details
  • Parking Garage: Above Street Level, Carport Detached
  • Total Parking: 8
  • Carport Spaces Total: 8
  • Parking Features: Driveway Down Slope From Street, Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling: Electric, Dual, Central Air
  • Cooling Type: Air Conditioning, Multi/Zone, Electric, Dual, Central
  • Heating: Central, Heat Pump, Electric, Zoned
  • Heating Type: Central, Heat Pump, Electric, Zoned
  • Flooring: Laminate, Vinyl Plank, Wood Laminate
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Ceiling Fan, Washer, Stackable W/D Hookup, Refrigerator, Range/Oven, Water Line to Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen, Stone Counters
  • Kitchen Features: Remodeled, Stone Counters
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Cooktop - Gas, Microwave, Oven, Oven-Gas, Gas
  • Laundry: In Unit, Inside
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • Sprinklers: Sprinkler System
  • Windows: Double Pane Windows
  • New Construction: No
  • Foundation Details: Raised
  • Other Structural Features: Full Copper Plumbing
  • Other Structures: Other, Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 09-20-2023
  • Tenant Pays: Gas, Electricity, Trash Collection, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $9,300.00
  • Unit Projected Rent: $9,300.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,324.00
  • Unit Actual Rent: $1,324.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $7,500.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,324.00
  • Unit Actual Rent: $1,324.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,000.00
  • Assessed Improvement Percent: 18.18
  • Assessed Land Value: $1,836,000.00
  • Assessed Land Percent: 81.82
  • Assessed Total Value: $2,244,000.00

Property History for 5700 Clemson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5700 Clemson Street

Taxable ValueLand$1,872,720Additions$416,160Total$2,288,880
Tax Record2023$28,996 ($2,416 / month)
Home Facts
Total Finished SqFt6,604 SqFtAbove Grade Finished SqFt6,604 SqFtLot Size17,996 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLARD1.5CountyLOS ANGELESAPN5047-021-041

Schools near 5700 Clemson Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Baldwin Hills Elementary School
PublicK to 5

New Los Angeles Charter School
Charter6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

New Los Angeles Elementary School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5700 Clemson Street is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on September 20, 2023 by Keller Williams Beverly Hills, it's currently listed at $3,750,000. It has been on the market for a total of 264 days and was last sold on November 5, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Baldwin Hills Elementary School, New Los Angeles Charter School and Susan Miller Dorsey Senior High School. 5700 Clemson Street is a 12-bed, 8-bath, 6,604 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Mark Farhad Yusupov, DRE #01314818; Tolo Realty, Alexandru Tolocenco, DRE #01938394

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.