5439-5445 Carlin St, Los Angeles, CA 90016
8 Unit Apartment Building | $1,449,000 ($181,125/Unit) | 4.76% Cap Rate | Los Angeles, CA 90016
For Sale
Active
22 pictures
Asking Price $1,449,000
- Property Type
-
Multifamily
- Square Feet
- 5,684 SF
Listing Contacts
Shant Sherbetdjian
Enrique Viramontes
Property Overview
Enrique Viramontes and Shant Sherbetdjian of RE/MAX Commercial & Invest Realty are proud to present for sale, for the first time in over 30 years, a family-owned and managed apartment complex for nearly 3 decades; The Carlin Apartments. This investment property is comprised of 8 spacious units in a Prime West Adams Neighborhood of Los Angeles. The building is comprised of an attractive unit mix of FIVE (2 bed + 1 bath) and THREE (1 bed + 1 bath) units, all of which are spacious (building size of 5,684 SF) and gives the buyer an opportunity to invest in a growing location with rental upside potential nearing +/- 135%. The building has many recent capital improvements such as a completed soft-story retrofit (completed in December 2023) and is separately metered for gas and electricity. Some amenities include on-site covered parking (for select units) & additional income from the laundry room.
With a Walkscore of 79, the building is located in the one of the best pockets in the city. Exceptional location, Culver City Adjacent, situated just South of Adams Blvd & East of La Cienega. Tenants enjoy being just minutes to Culver City Arts District, Leimert Park, Beverly Grove and the West Side. Property is subject to City of Los Angeles’ rent control ordinances.
Please do not walk on the property, do not disturb or engage tenants regarding the property, all units are Occupied. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agents/office. All showings are subject to accepted offer, include your Proof of Funds.
With a Walkscore of 79, the building is located in the one of the best pockets in the city. Exceptional location, Culver City Adjacent, situated just South of Adams Blvd & East of La Cienega. Tenants enjoy being just minutes to Culver City Arts District, Leimert Park, Beverly Grove and the West Side. Property is subject to City of Los Angeles’ rent control ordinances.
Please do not walk on the property, do not disturb or engage tenants regarding the property, all units are Occupied. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agents/office. All showings are subject to accepted offer, include your Proof of Funds.
Property Details
- Class
- C
- Year Built
- 1930
- Stories
- 2
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 8
Highlights
- First Time Offered for Sale in 30 Years! | Family Owned & Operated For 3 Decades | Minutes to Culver City Arts District, Beverly Grove and the West Si
- Attractive Unit Mix of Primarily 2 Bedroom Units | Prime West Adams Neighborhood | Culver City Adjacent | Situated Just South of Adams Neighborhood
- Opportunity to Invest in a Growing Location | Rental Upside Potential Nearing +/- 135%
- Property Consists of FIVE 2 Bed + 1 Bath and THREE 1 Bed + 1 Bath Units | Separately Metered for Gas & Electricity
- Many Recent Capital Improvements | Soft-Story Retrofit Completed (December 2023)
- On-Site Covered Parking (For Select Units) | Additional Income from Laundry Room
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].