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Renovated Fourplex Near Culver City 5343 Carlin St 4 Unit Apartment Building $1,181,993 CAD ($295,498 CAD/Unit) 4.60% Cap Rate Los Angeles, CA 90016



Investment Highlights
- Several recent capital improvements including newer roof, upgraded electrical, plumbing upgrades, newer common water heater
- Pride of ownership / turnkey asset
- Tremendous rental upside opportunity
- Evolving West Adams area near Culver City
- Recently passed SCEP inspection
Executive Summary
Darin Spillman at Kidder Mathews, as exclusive listing agent, is pleased to present this well-maintained fourplex located just minutes from Culver City in the rapidly evolving West Adams neighborhood. The property features an attractive unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, complemented by a four-car carport in the rear and an additional on-site parking space in front.
The building has benefited from multiple recent capital improvements, including an electrical system upgrade, new roof, drainage improvements (non-waste lines) with ABS piping, installation of a new common water heater, fresh exterior paint, and a recently serviced main sewer line. One of the 1-bedroom units was renovated approximately three years ago, featuring updated flooring, countertops, and kitchen fixtures.
The property has also recently passed SCEP inspection, reflecting strong ongoing maintenance and ownership pride. Ideally positioned near the growing retail and dining corridors along Adams and Jefferson Boulevards, 5343 Carlin Street presents a compelling opportunity to acquire a turnkey asset in one of Los Angeles’ most dynamic and centrally located submarkets.
Email listing agent for OM and financials.
The building has benefited from multiple recent capital improvements, including an electrical system upgrade, new roof, drainage improvements (non-waste lines) with ABS piping, installation of a new common water heater, fresh exterior paint, and a recently serviced main sewer line. One of the 1-bedroom units was renovated approximately three years ago, featuring updated flooring, countertops, and kitchen fixtures.
The property has also recently passed SCEP inspection, reflecting strong ongoing maintenance and ownership pride. Ideally positioned near the growing retail and dining corridors along Adams and Jefferson Boulevards, 5343 Carlin Street presents a compelling opportunity to acquire a turnkey asset in one of Los Angeles’ most dynamic and centrally located submarkets.
Email listing agent for OM and financials.
Property Facts
| Price | $1,181,993 CAD | Building Class | C |
| Price Per Unit | $295,498 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,140 SF |
| Cap Rate | 4.60% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.4 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1964/2018 |
| Property Type | Multifamily | Parking Ratio | 1.27/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 | ||
| Price | $1,181,993 CAD |
| Price Per Unit | $295,498 CAD |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,140 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5043-010-021 | Improvements Assessment | $294,740 CAD |
| Land Assessment | $945,698 CAD | Total Assessment | $1,240,438 CAD |
Property Taxes
Parcel Number
5043-010-021
Land Assessment
$945,698 CAD
Improvements Assessment
$294,740 CAD
Total Assessment
$1,240,438 CAD
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Renovated Fourplex Near Culver City | 5343 Carlin St
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