5923 Carlton Way Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90028
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,248 sqft
Price per Sqft $313
MLS Listing ID OC-25129260
Year Built 1961
Lot Size 8,376 Sqft
Property Sub-Type Apartment
Property Description
5923 Carlton Way presents a well-located 12-unit multifamily asset in the highly desirable Hollywood submarket--an 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 spaces--an 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
Area C20 - Hollywood
Zoning LAR4
Interior
Interior Features Ceiling Fan(s),Granite Counters
Heating Wall Furnace
Flooring Carpet,Laminate,Tile
Fireplaces Type None
Laundry Gas Dryer Hookup,Individual Room,Washer Hookup
Exterior
Parking Features Carport
Pool None
Community Features Curbs,Sidewalks,Street Lights
Utilities Available Sewer Available,Water Available,Cable Available,Electricity Available,Natural Gas Available,Phone Available
View Y/N Yes
View Landmark
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer