Under contract
Active Under Contract
5727 Carlton Way
Los Angeles CA, 90028
$1,499,999
$338.91 per sqft
Under contract
Active Under Contract
6 Beds
6 Baths
4,426 sqft
Residential
Built in 1928
Listed by Susan Stetson with RE/MAX ONE (818) 335-2676
**PRICED TO SELL** We are pleased to present 5727 Carlton Way, a private, secluded architectural gem. This property features a low-rise 4-unit, 1928 apartment-style community, and a 2-unit, 1909, Craftsman-style home that both sit on a 7000 square foot lot in the Hollywood neighborhood of Los Angeles. The area is a highly sought-after location due to it being situated near coffee shops, restaurants, nightlife, trendy retail, and one block from Hollywood Blvd. The site provides easy access to the Metro Rail, 101 freeway, LA Film School, Hollywood Walk of Fame, Griffith Observatory, Sunset Strip, and Melrose, where residents can explore many local mom-and-pop stores. Features of this property include four units that are approximately 750 square feet, one bed, one bath, and a one-story (with the capability of 2 units) Craftsman home of about 1426 square feet. There is a beautiful and tranquil courtyard between the buildings to read, have friends over, or relax. All units are individually metered for Gas and Electric. The laundry is on-site and is to be used by all units. There are three single garages and one surface parking spot at the rear of the property. The property is secured by fencing on all sides and is situated towards the end of a cul-de-sac. If you're looking for your next investment, this is the opportunity. Investment highlights: Great potential to increase base rents to market rents over time and charge current market rates for the vacant units . Three units currently occupied. Perfect opportunity for an investor to redesign the space to their liking. Located in the Qualified California Opportunity Zone. Easy access to Interstate Freeways and convenient local and regional mass public transit. Walking score of 88. For those interested in a potential redevelopment, both the current zoning and surrounding development activity are conducive to maximizing your cash flows via increasing density on the property.
224003555
MLSⓇ ID
August 22, 2024
Listed
September 13, 2024
Updated
Map
5727 Carlton Way
Los Angeles CA, 90028
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
6
Full Bathrooms
6
Floor Description
Wood
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Yard
Architectual Style
Craftsman, Spanish
Other Property Details
Area Name
C20 - Hollywood
Days on Market
10
Garage
Yes
Garage Spaces
3
Parking
Door-Multi, Garage
Parking Total
4
View
No
County
Los Angeles
Pool
No
Zoning
LAR4
Listing History
Date | Event | Price |
---|---|---|
9/1/2024 | Under contract | — |
Listing Contact: (818) 879-2266
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 9/13/2024 at 2:51 PM UTC