5459 Carlin Street, Los Angeles, CA 90016
Local realty services provided by:ERA Excel Realty
5459 Carlin Street,Los Angeles, CA 90016
$1,498,000
- - Beds
- - Baths
- 2,508 sq. ft.
- Multi-family
- Active
Listed by: thomas ahola
Office: harcourts prime properties
MLS#:OC26013471
Source:CRMLS
Price summary
- Price:$1,498,000
- Price per sq. ft.:$597.29
About this home
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 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 sought-after area....
Contact an agent
Home facts
- Year built:1957
- Listing ID #:OC26013471
- Added:62 day(s) ago
- Updated:March 23, 2026 at 01:18 PM
Rooms and interior
- Living area:2,508 sq. ft.
Structure and exterior
- Year built:1957
- Building area:2,508 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,498,000
- Price per sq. ft.:$597.29
Features and amenities
- Laundry features:Outside
Parking
- Total parking spaces:4
- Parking description:Assigned
New listings near 5459 Carlin Street
- Open Sat, 1 to 4pmNew
$1,299,000Active2 beds 2 baths1,449 sq. ft.5415 Carpenter Avenue, Valley Village, CA 91607
MLS# 226001281Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$625,000Active2 beds 2 baths1,355 sq. ft.435 S La Fayette Park Place #219, Los Angeles, CA 90057
MLS# 26663233Listed by: DREAM REALTY & INVESTMENTS INC - New
$439,000Active-- beds 1 baths720 sq. ft.645 W 9th Street #628, Los Angeles, CA 90015
MLS# 26668167Listed by: DREAM REALTY & INVESTMENTS INC - New
$529,900Active2 beds 2 baths1,092 sq. ft.28004 S Western Avenue #215, San Pedro, CA 90732
MLS# CV26060755Listed by: MAINSTREET REALTORS - Open Sat, 1 to 4pmNew
$890,000Active4 beds 3 baths1,598 sq. ft.13052 Ottoman Street, Arleta, CA 91331
MLS# GD26061282Listed by: JOHNHART REAL ESTATE - New
$629,000Active2 beds 2 baths1,148 sq. ft.14063 Fenton Lane, Sylmar, CA 91342
MLS# SR26061852Listed by: EQUITY UNION - New
$1,695,000Active3 beds 3 baths2,005 sq. ft.646 Crane Boulevard, Los Angeles, CA 90065
MLS# 26664563Listed by: KELLER WILLIAMS STUDIO CITY - New
$1,380,000Active4 beds 3 baths2,840 sq. ft.17174 Los Alimos, Granada Hills, CA 91344
MLS# SR26051669Listed by: EQUITY UNION - New
$1,285,000Active3 beds 2 baths1,387 sq. ft.23649 Emelita Street, Woodland Hills, CA 91367
MLS# 26666183Listed by: COLDWELL BANKER REALTY - New
$3,500,000Active3 beds 5 baths3,656 sq. ft.2806 Nichols Canyon Road, Los Angeles, CA 90046
MLS# 26667967Listed by: COLDWELL BANKER REALTY