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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 sought-after area.

Features
: No
: City Lights
2
1
: Outside
0
: Urban
Additional Information
Harcourts Prime Properties
0
OCAHOLTHO
OC03539
Thomas
5043009014
: Standard
43

Multi-Family For Sale

5459 Carlin Street, Los Angeles, California 90016

2,508 Sqft
$1,575,000
Listing ID #OC25094955
Basic Details
Status : Active
DaysOnMarket : 103
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : OC25094955
Price : $1,575,000
Living Area : 2,508 Sqft
Lot Size : 4,784 Sqft
Year Built : 1957
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90016
Price Per Square Foot : $628
ModificationTimestamp : 2025-08-11 18:11:36
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