5459 Carlin Street, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
5459 Carlin Street
Los Angeles, California 90016
Property Price
SUMMARY
Analysis of 5459 Carlin Street, Los Angeles, California 90016 is currently available with a list price of $1,498,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1957, has undergone significant recent upgrades. Two of the four units were fully renovated in 2024, featuring brand new kitchens with modern white cabinets, grey subway tile backsplash, stainless steel appliances, and quartz countertops. The bathrooms in these units are also new with modern vanities and subway tile showers. New laminate flooring, mini-split AC units, and recessed lighting are present in the renovated units. The exterior has also been repainted and updated. While two units are in excellent, virtually new condition, the remaining two units are unrenovated, and the property's age suggests potential for older systems in those units. Therefore, the overall condition is 'Good', reflecting a blend of newly renovated spaces and older, but presumably functional, components.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Upside
Offers a significant 27% rental upside with a potential 6.45% cap rate at market rents, indicating strong future profitability and value appreciation.
- Extensive Recent Upgrades
Two units were fully renovated in 2024, including new interiors (windows, doors, laminate floors, mini-split AC, full kitchen remodels with new appliances) and comprehensive exterior improvements (repaint, landscaping, fencing, private patio).
- Strategic West Adams Location
Situated in the highly desirable West Adams neighborhood, driving strong tenant demand due to its proximity to major employment centers (Culver City, Silicon Beach, LAX) and excellent freeway access.
CONSRISKS & DEFICIENCIES
- Incomplete Unit Renovation
Only two of the four units have been renovated, suggesting the remaining two units may require significant capital investment to maximize rental income and tenant appeal.
- Below-Potential Current Cap Rate
The property currently operates at a 4.28% cap rate, which is considerably lower than the projected 6.45% at market rents, indicating underperformance until all units are optimized.
- Property Age & Potential Deferred Maintenance
Built in 1957, the property's age suggests potential for older systems or deferred maintenance in the unrenovated units or common areas, which could lead to unexpected future costs.
About 5459 Carlin Street
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 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1957
- Lot Size
- 4,784 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Marvin Elementary School
Grades K-5 • 0.2 mi
Cienega Elementary School
Grades K-5 • 0.5 mi
Baldwin Hills Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,508 | 2,483.5 | 50% |
| Lot Size | 4,784 | 5,411.5 | 13% |
| Price | $1.50M | $1.30M | 50% |
| Price per sq ft | $597 | $476 | 63% |
| Built year | 1957 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 191 | 13% |
Pricing History
Listed for Sale
Jan 19, 2026
$1,498,000
Initial Listing
Sold
Apr 1, 2021
$1,082,000
Public Record
Sold
Jan 2, 2020
$1,045,000
Public Record
Sold
May 16, 2014
$525,000
Public Record
Sold
Jun 20, 2013
$500,000
Public Record
Sold
Feb 24, 2010
$357,000
Public Record