5427 Carlton WAY new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
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
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
Laundry Common Area
Exterior
Parking Features Covered
Pool Community
Community Features Gated,Pool
View Y/N Yes
View Courtyard
Building
Story 2
New Construction No
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard