$2,800,000

5923 Carlton Way, Los Angeles, CA 90028

9,248 sqft

other
Built in 1961
8,276sqft lot
—— car garage
$303/sqft
Listed 5 months ago

Property Description

PRICE REDUCTION! Two Units to be Delivered Vacant! 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.

Listing Status:: Active
Date Added:: June 11, 2025 at 05:00AM
Listing Office:: Nohco Real Estate : 213-804-7647
Listing Agent:: Brian Noh : 213-804-7647
MLS ID:: CROC25129260

Laundry: Laundry RoomOther
Flooring: LaminateTileCarpet
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

Parking: Other

General: Stucco

County: Los Angeles

Zoning: LAR45545005015
View: Other

This listing courtesy of Brian Noh, Nohco Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Grant Elementary School

1530 N Wilton Pl, Los Angeles, CA, 90028

Grades KG-6

0.32 miles away

Joseph Le Conte Middle School

1316 N Bronson Ave, Los Angeles, CA, 90028

Grades 6-8

0.41 miles away

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.