5942 Carlton Way, Los Angeles, CA 90028
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
5942 Carlton Way,Los Angeles, CA 90028
$1,395,000
- 4 Beds
- 4 Baths
- 3,030 sq. ft.
- Multi-family
- Active
Listed by: gina isaac
Office: nourmand & associates-hw323-462-6262
MLS#:26871829
Source:CRMLS
Price summary
- Price:$1,395,000
- Price per sq. ft.:$460.4
About this home
Exceptional investment opportunity in the heart of Hollywood! Built in 1923, this classic Spanish-style fourplex offers timeless character, immediate rental upside, and strong long-term investment potential. Situated on a low-maintenance corner LAR4-zoned lot, the property features four spacious one-bedroom, one-bathroom units totaling approximately 3,020 square feet (approximately 755 square feet per unit; buyer to verify). Each residence enjoys its own private entrance and is separately metered for gas and electricity, providing efficient property management and reduced owner expenses.A rare feature in today's market, two of the four units will be delivered vacant (upstairs and downstairs on the west side of the building), allowing the next owner to immediately lease at current market rents or select their own tenants. Both vacant units have been freshly painted and are move-in ready, creating an ideal opportunity to increase cash flow from day one. The remaining two units are occupied by long-term tenants, providing stable in-place income while offering future rental upside.The property's low-maintenance design, with no on-site parking or landscaping, helps minimize ongoing operating expenses. Pro forma financials are available upon request, highlighting the property's attractive investment potential and projected returns.Ideally located just minutes from Hollywood Boulevard, Sunset Boulevard, Netflix, Paramount Studios, shopping, restaurants, entertainment, and Metro transit, the property benefits from one of Los Angeles' strongest rental markets with consistently high tenant demand.An outstanding opportunity for investors, 1031 exchange buyers, or those looking to expand their multifamily portfolio with a classic Hollywood asset offering immediate upside, stable income, and exceptional long-term appreciation potential....
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Home facts
- Year built:1923
- Listing ID #:26871829
- Added:14 day(s) ago
- Updated:August 28, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Living area:3,030 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1923
- Building area:3,030 sq. ft.
- Lot area:0.07 Acres
- Architectural Style:Spanish
- Levels:2 Story
Finances and disclosures
- Price:$1,395,000
- Price per sq. ft.:$460.4
Features and amenities
- Laundry features:Common Area
- Amenities:Ceiling Fans
Parking
- Parking description:On Street
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