5459 Carlin Street, Los Angeles, CA 90016

• 8 beds
• 2,508 sqft

Property Description

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 1 current vacancy, this presents a rare opportunity for immediate income growth. With a 27% rental upside, the property has the potential to produce $10,600 per month ($127,200 annually) at market rents, achieving a cap rate of 6.45%. Currently, it operates at a 4.28% cap rate and a GRM of 13.7. 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

Listing Status:

Active

Date Added:

January 19, 2026

Data Last Updated:

February 8, 2026 at 2:07AM

Listing Office:

Harcourts Prime Properties : 949-248-1888

Listing Agent:

Thomas Ahola : 310-218-3314

MLS ID:

CROC26013471

Interior

• Laundry: Other

Exterior

• General: Other
• Parking: Assigned

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LARD5043009014
• View: City Lights

Financial

• Source: CRMLS