5427 Carlton Way

Los Angeles , CA 90027

MLS#: 25553221

$5,800,000

Status: Active
Listing number: 25553221
Listing provided by: JNM Realty, INC.
Listing agent phone: None
Last update: 12 days ago
On site: a month ago
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Property

Beds

20

Full Baths

None

1/2 Baths

None

Year Built

1957

Sq.Footage

15,320

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 a 10.83% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.65% stabilized cap rate and a 17.67% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.

Features & Amenities

Interior

  • Total Bedrooms

    20

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Parking

    Covered

  • Pool

    Yes

  • Pool Features

    Community

Area & Lot

  • Lot Size(acres)

    0.3941

  • Property Type

    Residential Income

Price

  • Sales Price

    $5,800,000

  • Sq. Footage

    15, 320

  • Price/SqFt

    $378

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Demis Dokhanian , JNM Realty, INC.

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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 a 10.83% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.65% stabilized cap rate and a 17.67% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.

5427 Carlton Way

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