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5439 Carlin St, Los Angeles, CA 90016

Sale Price: $1,415,000
Jun 10, 20245,684 sqft13 beds8 baths
Listed by: Enrique Viramontes
License #: 01372010
Phone #: 213-233-4363
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24402343

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 +/- 135%. 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,778

TurboHome Estimated Value

$1,417,100

$249 sqft

High Valuation
$1,487,955
$262/sqft
Normal Valuation
$1,417,100
$249/sqft
Low Valuation
$1,346,245
$237/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$249/sqft$1,417,100

Neighborhood: Mid City

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Comparative Value

$1.02M

$1.25M

$1.42M

$1.45M

2319 2nd Ave, Los Angeles, CA 90018

Sale Price: $1,025,000

Selected Comparable

1434 S Orange Dr, Los Angeles, CA 90019

Sale Price: $1,250,000

Selected Comparable

1204 S Ardmore Ave, Los Angeles, CA 90006

Sale Price: $1,250,000

Selected Comparable

5439 Carlin St, Los Angeles, CA 90016

Sale Price: $1,415,000

Selected Comparable

3949 Hillcrest Dr 1, Los Angeles, CA 90008

Sale Price: $1,425,000

Selected Comparable

5439 Carlin St, Los Angeles, CA 90016

List Price: $1,449,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
5439 Carlin St, Los Angeles, CA 90016

5439 Carlin St, Los Angeles, CA 90016

List: $1,449,000

Listed: 6/10/2024

Area:5,684 sqft
Price/sqft:$255
Beds:13
Baths:8
Year Built:
Lot Size:9,658

Comparable Properties

COMPARABLE
Choose comps
5439 Carlin St, Los Angeles, CA 90016

5439 Carlin St, Los Angeles, CA 90016

Sale: $1,415,000

9/13/20240.00 mi

Area:5,684 sqft
Price/sqft:$249
Beds:13
Baths:8
Year Built:
Weight:28.3%
1434 S Orange Dr, Los Angeles, CA 90019

1434 S Orange Dr, Los Angeles, CA 90019

Sale: $1,250,000

6/17/20251.39 mi

Area:5,894 sqft
Price/sqft:$212
Beds:12
Baths:8
Year Built:
Weight:22.5%
3949 Hillcrest Dr 1, Los Angeles, CA 90008

3949 Hillcrest Dr 1, Los Angeles, CA 90008

Sale: $1,425,000

5/9/20251.45 mi

Area:7,236 sqft
Price/sqft:$197
Beds:12
Baths:8
Year Built:
Weight:17.3%
1204 S Ardmore Ave, Los Angeles, CA 90006

1204 S Ardmore Ave, Los Angeles, CA 90006

Sale: $1,250,000

6/17/20253.68 mi

Area:7,340 sqft
Price/sqft:$170
Beds:14
Baths:8
Year Built:
Weight:16.3%
2319 2nd Ave, Los Angeles, CA 90018

2319 2nd Ave, Los Angeles, CA 90018

Sale: $1,025,000

1/23/20252.49 mi

Area:7,042 sqft
Price/sqft:$146
Beds:12
Baths:8
Year Built:
Weight:15.7%

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