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$ 2,900,000
Est. payment /mo
Active
5923 Carlton Way Los Angeles, CA 90028
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25129260
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
5923 Carlton Way presents a well-located 12-unit multifamily asset in the highly desirable Hollywood submarketan area known for strong tenant demand, limited inventory, and proximity to world-renowned landmarks and new developments. Built in 1961, the two-story property offers approximately 9,248 square feet of rentable space on an 8,325 SF lot zoned LA-R4. The unit mix includes (8) one-bed/one-bath & (4) two-bed/two-bath units, appealing to a wide renter demographic. The property features 14 covered carport parking spacesan increasingly rare amenity in this high-density neighborhood. These parking spaces also offer a significant value-add opportunity, with potential for conversion into ADUs for additional income. Recent capital improvements include a completed soft-story seismic retrofit, ensuring structural compliance and reducing future capital expenditure. Additional amenities include a coin-operated laundry room, rooftop access, and scenic views of the Hollywood Sign. The property sits directly adjacent to the tranquil Carlton Way Park and is within close proximity to major Hollywood landmarks, developments, and entertainment hubs. 5923 Carlton Way represents a rare opportunity to acquire a stabilized with both in-place cash flow and upside potential in one of Los Angeles most dynamic rental markets. This is part of the Hollywood Collection offering and can be purchased individually or together with 5947 Carlton Way & 1545 Gordon St.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off 101 fwy, exit Sunset Blvd westbound, turn right on Gordon St, turn right on Carlton Way.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5545005015
Listed by Brian Noh Nohco Real Estate