6
See all 6 photos
$6,250,000
Est. payment /mo
15,320 SqFt
New
5427 Carlton Way Los Angeles, CA 90027
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,320 sqft
Price per Sqft $407
MLS Listing ID CL25553221
HOA Y/N No
Year Built 1957
Lot Size 0.394 Acres
Acres 0.39
Property Sub-Type Other
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
Zoning LAR4
Interior
Fireplace No
Appliance Dryer
Laundry Common Area, Dryer, Washer
Exterior
View Y/N true
View Other
Building
New Construction No
Others
Tax ID 5544021007
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Demis Dokhanian • JNM Realty, INC.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289