5459 Carlin Street

Los Angeles, CA 90016

  • 8 Bed(s)
  • 4 Bath(s)
  • 2,508 Sqft
  • 4784
    Sqft(Lot)
$1,595,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49570287

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1957
    • Building Area Total: 2,508

    Pool Features

    • None

    Laundry Features

    • Outside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1098
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 4784

  • Listing Price Information

    • Original List Price: 1,595,000
    • Listing Contract Date: 2025-04-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5043009014

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C06 - Brentwood
    • Postal Code Plus 4: 3346
    • Directions: Exit Fairfax, E on West Adams, S on Hauser, E on Carlin, property is on the north side of the street
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C06 - Brentwood
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 68
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: See Remarks
    • Entry Level: 1
    • Entry Location: Side
    • Property Attached: Yes
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BuyOwner last updated this listing 05/12/2025 @ 04:44

  • MLS: OC25094955
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 2,508 sqft, 4,784 sized lot, and 0 parking. are nearby neighborhoods.