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5427 Carlton Way - Assumable Financing 5427 Carlton Way 22 Unit Apartment Building $5,300,000 ($240,909/Unit) 6.19% Cap Rate Los Angeles, CA 90027
INVESTMENT HIGHLIGHTS
- PRICE REDUCTION!!
- 16 of 22 Units Renovated, 30% Upside to In-Place Rents
- Assumable Financing; 3.20% interest rate through 2027 at 65% LTV
- First Time on Market in 10+ Years
- 17 Onsite Individual Parking Spaces
- Unit 20 can be Delivered Vacant at Close
EXECUTIVE SUMMARY
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.
A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in an 13.26% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 8.14% stabilized cap rate and a 21.48% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.
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.
A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in an 13.26% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 8.14% stabilized cap rate and a 21.48% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $240,909 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 6.19% | Building Size | 15,320 SF |
| Gross Rent Multiplier | 10.91 | No. Stories | 2 |
| No. Units | 22 | Year Built/Renovated | 1957/2015 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR4 - 0501 - 5 Or More Apts or Units | ||
| Price | $5,300,000 |
| Price Per Unit | $240,909 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Gross Rent Multiplier | 10.91 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 15,320 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2015 |
| Parking Ratio | 1.11/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - 0501 - 5 Or More Apts or Units |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 420 |
| 1+1 | 12 | - | 585 |
| 2+1 | 4 | - | 750 - 825 |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5544-021-007 | Total Assessment | $4,971,944 (2025) |
| Land Assessment | $3,231,764 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,740,180 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5544-021-007
Land Assessment
$3,231,764 (2025)
Improvements Assessment
$1,740,180 (2025)
Total Assessment
$4,971,944 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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5427 Carlton Way - Assumable Financing | 5427 Carlton Way
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