Address
5440 Carlton Way Los Angeles, CA
Price
$ 5,750,000
Property Attributes
  • MLS#20654688
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90027
  • Style
  • Price$ 5,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Adam Zunder with Iconic Investments.
Property Description

Carlton Way Apartments is an 18-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1985 and offers +/- 13,488 of improvements on a +/- 11,110 square foot lot. Carlton Way Apartments features a strong unit mix of 6 One-Bedroom and 12 Two-Bedroom Units. The property features a center hallway and 17 parking spaces. The units are individually metered for both gas and electric and there is one central water heater. The property has one central water heater. Since the property was constructed in 1985 it is not subject to the earthquake retrofit requirements. New ownership can add value by either renovating unit interiors as they become vacant, or by simply implementing the annual rent increases of 5%+ CPI 8% pre-Coronavirus. Large compounded rent increases will quickly help a new buyer realize close to market rents without the cost of turning units. Can be purchased individually or with 226 S Serrano and 5532 Harold Way.

Price History
11/2/2020 Listed $5,750,000

General Features

Co-Listing Agent Last Name Strauss
Co-Listing Agent Last Name Peter
Co-Listing Agent State License # 01335696
Co-listing Agent Peter Strauss - BRE#01335696
Directions Just East of Western in between Sunset Blvd and Hollywood Blvd.
Heating None
Listagentaor Beverly Hills/Greater LA
Listing Agent Adam Zunder - BRE#01821053
Listing Agent State License 01821053
MLS Area C20 - Hollywood
Parking Features Community Structure
Source System CRMLS
Special Listing Conditions Standard
Total Units 18
Zoning LAR4

Interior Features

Total Stories 2

Exterior Features

Lot Size Acres 0.2500
Lot Size Area 11111.0000
Lot Size Square Feet 11111.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90027

Price
AVG $2.81M
$5.75M
Visits
AVG 27
23
Year Built
AVG 1946
1985

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