CA > Los Angeles
Los Angeles, CA 90016,5459 Carlin Street
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Los Angeles, CA 90016,5459 Carlin Street
Los Angeles, CA 90016,5459 Carlin Street
Los Angeles, CA 90016,5459 Carlin Street
Los Angeles, CA 90016,5459 Carlin Street
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 1,575,000
Est. payment /mo
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Price Dropped by $20K

5459 Carlin Street Los Angeles, CA 90016

8 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25094955

Bedrooms 8

Property Sub-Type Res Income 2-4 Units

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 2 current vacancies, this presents a rare opportunity for immediate income growth. With a 22% rental upside, the property has the potential to produce $11,000 per month ($132,000 annually) at market rents, achieving a cap rate of 6.45%. Currently, it operates at a 4.52% cap rate and a GRM of 12.08. 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 City, LAX, Playa Vista, Silicon Beach, and the 10 Freeway drives strong tenant demand, offering easy access to major employment centers and lifestyle destinations. The property benefits from steady current cash flow, two immediate lease-up opportunities, and significant rental upside in a highly

Location

State CA

County Los Angeles

Zoning See Remark

Direction Exit Fairfax, E on West Adams, S on Hauser, E on Carlin, property is on the north side of the street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5043009014

MLS Router / San Diego MLS
Listed by Thomas Ahola Harcourts Prime Properties
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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5459 Carlin Street

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