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Listed by Thomas Ahola • Harcourts Prime Properties
$1,498,000
Est. payment /mo
4,784 Sqft Lot
New
5459 Carlin ST Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26013471
Year Built 1957
Lot Size 4,784 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Located at 5459 Carlin in the highly desirable West Adams neighborhood, this multifamily property offers a prime investment opportunity with significant upside potential. The property features a total of 4 units, including 2 newly renovated 2-bedroom/1-bathroom vacant units completed in 2024, enhancing its modern appeal. The renovated units include new windows and doors, new laminate floors, new mini split air conditioners, as well as full kitchen remodels with included brand new appliances. The exterior of the property has been renovated featuring a new private patio for the front vacant unit, a full repaint, custom landscaping, as well as new fencing and sliding gate. The remaining units are also 2 two-bedroom/one-bathroom units, with a total rentable square footage of 2,508 on a 4,829-square-foot lot. With 1 current vacancy, this presents a rare opportunity for immediate income growth. With a 27% rental upside, the property has the potential to produce $10,600 per month ($127,200 annually) at market rents, achieving a cap rate of 6.45%. Currently, it operates at a 4.28% cap rate and a GRM of 13.7. The property includes one dedicated parking space per each unit, ensuring convenience for tenants in an area where parking is a premium. Its prime location near Santa Monica, Culver
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool None
View City Lights
Building
Water District - Public
Others
Tax ID 5043009014
Special Listing Condition Not Applicable
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