5459 Carlin St Los Angeles, CA 90016
West Adams NeighborhoodEstimated payment $9,747/month
Total Views
2,509
8
Beds
4
Baths
2,508
Sq Ft
$628
Price per Sq Ft
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.
Listing Agent
Harcourts Prime Properties Brokerage Phone: 310-218-3314 License #02051686 Listed on: 04/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,780
Year Built
- Built in 1957
Lot Details
- 4,784 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
Interior Spaces
- 2,508 Sq Ft Home
- 2-Story Property
- City Lights Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Assigned Parking
Location
- Urban Location
Listing and Financial Details
- Tax Lot 42
- Assessor Parcel Number 5043009014
- $430 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $800
- Insurance Expense $4,000
- Trash Expense $200
- Water Sewer Expense $200
- Operating Expense $5,200
- Net Operating Income $67,180
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,780 | $1,220,388 | $848,966 | $371,422 |
| 2024 | $14,780 | $1,196,460 | $832,320 | $364,140 |
| 2023 | $13,932 | $1,125,723 | $1,000,875 | $124,848 |
| 2022 | $13,291 | $1,103,650 | $981,250 | $122,400 |
| 2021 | $12,814 | $1,055,826 | $631,475 | $424,351 |
| 2020 | $7,465 | $588,464 | $448,355 | $140,109 |
| 2019 | $7,178 | $576,926 | $439,564 | $137,362 |
| 2018 | $7,095 | $565,615 | $430,946 | $134,669 |
| 2016 | $6,773 | $543,654 | $414,213 | $129,441 |
| 2015 | $6,676 | $535,489 | $407,992 | $127,497 |
| 2014 | $6,446 | $502,270 | $351,589 | $150,681 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $1,575,000 | -1.3% | $628 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $1,595,000 | +47.5% | $636 / Sq Ft |
| 04/01/2021 04/01/21 | Sold | $1,081,686 | -8.3% | $431 / Sq Ft |
| 01/08/2021 01/08/21 | Pending | -- | -- | -- |
| 10/07/2020 10/07/20 | Price Changed | $1,179,000 | -5.6% | $470 / Sq Ft |
| 07/30/2020 07/30/20 | For Sale | $1,249,000 | +137.9% | $498 / Sq Ft |
| 05/21/2014 05/21/14 | Sold | $525,000 | -24.9% | $209 / Sq Ft |
| 03/25/2014 03/25/14 | Pending | -- | -- | -- |
| 12/19/2013 12/19/13 | For Sale | $699,000 | +39.8% | $279 / Sq Ft |
| 06/20/2013 06/20/13 | Sold | $500,000 | +9.7% | $199 / Sq Ft |
| 05/24/2013 05/24/13 | Pending | -- | -- | -- |
| 05/08/2013 05/08/13 | For Sale | $455,990 | -- | $182 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,082,000 | Chicago Title | |
| Grant Deed | $1,045,000 | Provident Title Company | |
| Grant Deed | -- | Provident Title Company | |
| Grant Deed | $525,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $500,000 | Fidelity National Title Co | |
| Grant Deed | $357,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Financial Title Company La | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Landsafe Title | |
| Grant Deed | $267,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $807,000 | New Conventional | |
| Previous Owner | $731,500 | New Conventional | |
| Previous Owner | $315,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $267,525 | New Conventional | |
| Previous Owner | $540,000 | Balloon | |
| Previous Owner | $457,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $399,000 | New Conventional | |
| Previous Owner | $337,000 | New Conventional | |
| Previous Owner | $297,500 | Purchase Money Mortgage | |
| Previous Owner | $262,874 | FHA |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25094955
APN: 5043-009-014
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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