5459 Carlin Street, Los Angeles, CA 90016
Local realty services provided by:ERA North Orange County Real Estate
5459 Carlin Street,Los Angeles, CA 90016
$1,498,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: thomas ahola
Office: harcourts prime properties
MLS#:OC26013471
Source:CAREIL
Price summary
- Price:$1,498,000
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...
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Home facts
- Year built:1957
- Listing ID #:OC26013471
- Added:107 day(s) ago
- Updated:May 08, 2026 at 04:16 PM
Structure and exterior
- Year built:1957
- Lot area:0.11 Acres
Utilities
- Water:District - Public
Finances and disclosures
- Price:$1,498,000
Parking
- Parking description:Assigned Spaces
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