$ 2,900,000
-
$2,900,000
Price -
3
Bed -
3
Bath -
9,248
SqFt
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About the Listing OC06391 - OCNOHBRIA
One Unit Recently Moving Out! 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.
Listing Highlights for 5923 Carlton Way
Status
Active
Days on Site
87
Property Type
Multi-Family
MLS ®
OC25129260
Year Built
1961
Total Square Footage
9,248
Lot/Acreage
0.19
County
Los Angeles
Area
C20 - Hollywood
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Disposal, Gas Range, Microwave, Range Hood, Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Carpet,Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Granite Counters
- Water: Public
Exterior Details
- Lot Description: 11-15 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 14
- Zoning: LAR4
- Roof: Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5545005015
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
5923 Carlton Way Los Angeles, CA 90028
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