5459 Carlin Street
Los Angeles, CA 90016
Map
- – beds
- – baths
- – sqft
- 4,784 sqft lot
- 1957 build
- – on site
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.
Last checked:
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Last updated Jun 11, 2025
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MLS# OC25094955 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1957
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Year Built Source:See Remarks
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New Construction:No
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Building Area Total:2508.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Entry Location:Side
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Number Wall AC:2
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Laundry:Outside
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Laundry:1
Location
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Directions:Exit Fairfax, E on West Adams, S on Hauser, E on Carlin, property is on the north side of the street
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Latitude:34.03104400
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Longitude:-118.36273900
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LARD1.5
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Lot Features:0-1 Unit/Acre
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Lot Size Area:4784.0000
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Lot Size Acres:0.1098
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Lot Size SqFt:4784.00
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Lot Size Source:Assessor
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View:1
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View:City Lights
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2199.01
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Tax Lot:42
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5043009014
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:4.00
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Uncovered Spaces:4.00
Extra Units
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Average 2 Bed Area:627
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/30/25
Apr 30, 2025
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Listed / Active | CRMLS_CA | $1,595,000 | 47.5% (11.6% / YR) |
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4/1/21
Apr 1, 2021
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CRMLS_CA | $1,081,686 | -8.3% | |
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1/26/21
Jan 26, 2021
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CRMLS_CA | $1,179,000 |
