5459 Carlin Street, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
5459 Carlin Street,Los Angeles, CA 90016
$1,575,000
- - Beds
- - Baths
- 2,508 sq. ft.
- Multi-family
- Active
Listed by: thomas ahola
Office: harcourts prime properties
MLS#:OC25094955
Source:CRMLS
Price summary
- Price:$1,575,000
- Price per sq. ft.:$627.99
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 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.
Contact an agent
Home facts
- Year built:1957
- Listing ID #:OC25094955
- Added:214 day(s) ago
- Updated:December 01, 2025 at 12:25 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:$1,575,000
- Price per sq. ft.:$627.99
New listings near 5459 Carlin Street
- New
$880,000Active9 beds 5 baths3,500 sq. ft.725 S Hillview, Los Angeles, CA 90022
MLS# CV25265729Listed by: STREAMLINE REALTY - New
$725,000Active3 beds 2 baths2,488 sq. ft.1746 W 38th Place, Los Angeles, CA 90062
MLS# CRPW25264722Listed by: HOME BASE REALTY INC - New
$699,000Active1 beds 2 baths954 sq. ft.10751 Wilshire Boulevard #1405, Los Angeles, CA 90024
MLS# CRSR25260699Listed by: RODEO REALTY - New
$374,999Active1 beds 1 baths619 sq. ft.19350 Sherman Way #124, Reseda (los Angeles), CA 91335
MLS# CRSR25266380Listed by: EQUITY UNION - New
$990,000Active10 beds 8 baths6,350 sq. ft.12418 Gain Street, Pacoima (los Angeles), CA 91331
MLS# CRSR25266941Listed by: PINNACLE ESTATE PROPERTIES - New
$795,000Active1 beds 1 baths1,054 sq. ft.809 S Bundy Drive #214, Los Angeles, CA 90049
MLS# 25619015Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$730,000Active2 beds 1 baths936 sq. ft.607 W 111th Place, Los Angeles, CA 90044
MLS# 25621391Listed by: COLDWELL BANKER REALTY - New
$2,150,000Active10 beds 9 baths5,538 sq. ft.1861 Midvale Avenue, Los Angeles, CA 90025
MLS# 25622831Listed by: MARCUS & MILLICHAP - New
$880,000Active9 beds 5 baths3,500 sq. ft.725 S Hillview, Los Angeles, CA 90022
MLS# CV25265729Listed by: STREAMLINE REALTY - New
$649,000Active2 beds 2 baths1,050 sq. ft.21301 Erwin Street #516, Woodland Hills, CA 91367
MLS# AR25261520Listed by: IRN REALTY