5427 Carlton Way, Los Angeles, CA 90027

About this property

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.

Listing description from the December 2025 sale, as reported to CRMLS.

Sale history

$5,080,000

Sold December 2025 · listed $5,500,000, orig. $6,250,000, on market June 2025 · MLS #25553221 · Source: CRMLS

Listing Agent: Demis Dokhanian · Listing Office: JNM Realty, INC. · Contact: 310-746-5923 · Bought with: Demis Dokhanian · JNM Realty, INC.

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