5942 Carlton WAY, Los Angeles, CA 90028
5942 Carlton WAY, Los Angeles, CA 90028
5942 Carlton WAY, Los Angeles, CA 90028
5942 Carlton WAY, Los Angeles, CA 90028
5942 Carlton WAY, Los Angeles, CA 90028
5942 Carlton WAY, Los Angeles, CA 90028
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Scott Greenspan

Scott Greenspan

Greenspan Realty

+1(310) 936-7270
$ 1,395,000
Est. payment | /mo

4 Beds

4 Baths

3,030 SqFt

Save
$ 1,395,000
Est. payment | /mo
Save

4 Beds

4 Baths

3,030 SqFt

Open House

Sat Aug 15, 2:00pm - 4:00pm

Sun Aug 16, 2:00pm - 4:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,030 sqft

Price per Sqft $460

MLS Listing ID 26871829

Bedrooms 4

HOA Y/N No

Year Built 1923

Lot Size 2,840 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features None, On Street

Pool None

View Y/N No

View None

Private Pool No

Building

Faces North

Story 2

Entry Level Two

Architectural Style Spanish

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5545009015

Financing Cash,Conventional,FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Gina Isaac Nourmand & Associates-HW #01437713

Nearby Locations

Greenspan Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

 

Scott Greenspan

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

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5942 Carlton WAY