5427 Carlton Way , Los Angeles, CA - 90027, Los Angeles CA is for sale :

Call For Appointment to See This Home
Dmitry Litvishkov (310)-709-4920

5427 Carlton Way , Los Angeles, CA - 90027 is For Sale

Details

Price : $5,800,000

Address : 5427 Carlton Way

City : Los Angeles

State : CA

Area : C20 - Hollywood

Property Type : Residential Income

Sq M : 1,595 M²

Total Units : 22

CAP rate : $6

Gross Operating Income : $485,814

Net Operating Income : $321,821

MLS# : 25553221

Lot Size (Acres) : 0.3941 ac

Property Description

Los Angeles Home For Sale. 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.

Listed By

Jnm Realty, Inc.

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