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$1,500,000
13 bed
5,684 Sqft
9,658 Sqft lot

5439 Carlin Street, Los Angeles, California 90016

  • Residential Income Property Type
  • 18 Days Time on market
  • $264 Price per sqft
  • 1930 Year Built
Property Description

We 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 +/- 230%. 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. The tenants enjoy being just minutes to the 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.

Basic Details
Residential Income
Buy
24402343
$1,500,000
13
5,684 Sqft
1930
9,658 Sqft
Active
Condos/Co-ops
Features
: Wall Furnace
6
$0
Address
CA
Los Angeles
Los Angeles
90016
5439 Carlin Street
5439
Street
0
W119° 38' 16.2''
N34° 1' 51.2''
Additional Information
18
2
2
8
: Two
5,684 Sqft
0 Sqft
0 Sqft
0.22 Sqft
9,658 Sqft
1
0 Sqft
LARD1.5
5043009018
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
10/06/2024 11:41:44
$0
: Standard
Located South of Adams Blvd and East of Fairfax Ave
Remax Commercial and Investment Realty
Enrique Viramontes
CLW-X7538301
CLW-X76426
$0
4.53
1
1
0
0
1
3
8
123966
US-06037-N-5043009018-R-N
10/06/2024 19:02:44
Carlin
C16 - Mid Los Angeles
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