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Listing Courtesy Of: JNM Realty, INC., 310-746-5923, Demis Dokhanian
Local Realty Services Provided By: Keller Williams Realty Los Feliz
US / CA / Los Angeles / Thai Town / 5427 Carlton Way
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US / CA / Los Angeles / Thai Town / 5427 Carlton Way
5427 Carlton Way, Los Angeles, CA 90027
20 Beds
22 Baths
sq ft
ac
US / CA / Los Angeles / Thai Town / 5427 Carlton Way

5427 Carlton Way, Los Angeles, CA 90027

Estimation provided by Keller Williams Realty, LLC.
20 Beds
22 Baths
sq ft
ac
Active
For Sale
Open House:
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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.

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1957
Days on Site
22 Days
HVAC
Cooling: Air Conditioning, Heating: Wall Electric
Parking
17 Parking Spaces
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Activity History

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Car-Dependent Walkable Very Walkable
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