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5727 Carlton Way
Los Angeles, CA 90028
Sold
**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.
PROPERTY INFORMATION
| MLS # | 224003555 | Lot Size | 7,002 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,499,999
Price Per SqFt: $ inf |
DOM | 254 Days |
| Address | 5727 Carlton Way | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | Sq. Ft. |
| Postal Code | 90028 | Garage | 3 |
| County | Los Angeles | Year Built | 1928 |
| Bed / Bath | 6 / 6 | Parking | 4 |
| Built In | 1928 | Status | Closed |
| Sold Date | 2024-10-22 |
INTERIOR FEATURES
| Has Fireplace | Yes |
| Fireplace Information | None |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Flooring Information | Wood |
| EntryLocation | Ground Level w/Steps |
| Has Spa | No |
EXTERIOR FEATURES
| Has Pool | No |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,600
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/21/2024 | Listed | $1,499,999 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of Susan Stetson, RE/MAX ONE. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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, 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.
