5459 Carlin Street, Los Angeles, CA 90016 - Berkshire Hathaway HomeServices California Properties

5459 Carlin Street, Los Angeles, CA 90016

$1,595,000 Approx. USD 0 beds, 0 baths

Listing Agent


Thomas Ahola | ahola.thom@gmail.com
Lic#: 02051686
Broker: Courtesy of Harcourts Prime Properties

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# OC25094955
Price: $1,595,000
Beds: 0
Baths: 0
Built in 1957
0.11 acres
Lot size: 0.1098
County: Los Angeles
Zoning: LARD1.5
Parking description: Assigned
Lot description: ZeroToOneUnitAcre
MLS area: C06 - Brentwood

Last Updated: 5/1/2025

 Days On Market (DOM): 30

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This listing belongs to the C06 - Brentwood MLS area

Lat/Long: 34.031044, -118.362739.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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