CA > Los Angeles
Los Angeles, CA 90027,5427 Carlton WAY
Los Angeles, CA 90027,5427 Carlton WAY
Los Angeles, CA 90027,5427 Carlton WAY
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$6,250,000
Est. payment /mo
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20 Beds
22 Baths
15,320 SqFt
New

5427 Carlton WAY Los Angeles, CA 90027

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Joe Gover

Joe Gover

+1(619) 405-2953

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,320 sqft

Price per Sqft $407

MLS Listing ID 25553221

Bedrooms 20

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1957

Lot Size 0.394 Acres

Property Description

JNM Realty Inc is proud to present, on an exclusive basis, a 22-unit low-rise apartment complex in the heart of East Hollywood with tremendous in-place cash flow. The asset has been professionally managed and maintained over the past 11 years and presents the opportunity for a new investor to improve the facility and its financial output through extended renovations. Community amenities include a pool, laundry room, and onsite parking. The property has been extremely well-maintained with improvements to the exterior facade and sixteen (16) of twenty-two (22) units fully renovated featuring new flooring, electrical, plumbing, and mini splits. There are (17) onsite parking spaces, non-tandem. A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in an 8.51% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.02% stabilized cap rate and a 13.87% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Fireplace No

Appliance Dryer, Washer

Laundry Common Area

Exterior

Parking Features Covered

Pool Community

Community Features Gated, Pool

View Y/N Yes

View Courtyard

Total Parking Spaces 17

Private Pool No

Building

Faces South

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5544021007

Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Key Card Entry

Acceptable Financing Cash

Listing Terms Cash

Financing Assumed

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Demis Dokhanian • JNM Realty, INC.

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Joe Gover

Agent | License ID: 1849800

+1(619) 405-2953

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5427 Carlton WAY