5439 Carlin St, Los Angeles, CA 90016

$1,500,000
13
BD
8
BA
5,684
SqFt
List Price
$1,500,000
MLS#
24-402343
Year Built
1930
Bedrooms
13
Bathrooms
8
Living Sq. Ft
5,684
Lot Size
9,658
Days on Market
4
Property Type
Multifamily
Stories
2

Property Description

We are proud present for sale, for the first time in over 30 years, a family-owned and managed apartment complex for 3 decades; The Carlin. The 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+1)s and THREE (1+1) 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. 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

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Ceiling Fan
Number of Cars in Garage
Covered Parking

Mortgage Calculator

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Courtesy of Remax Commercial and Investment Realty, Enrique Viramontes - CA DRE#01372010

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