Prime Hollywood 10 Unit Multifamily Investment, with 6.41% Pro Forma Cap Rate & 11.49 Pro Forma GRM. True Value-Add Opportunity with approximately 30% upside in rents. Excellent opportunity to re-position a property within a rapidly redeveloping pocket of the city. Property is nestled amongst newly constructed and beautifully restored properties garnering high rental rates. Vital Infrastructure updates have recently been completely including: New Electric Service, Roof, Plumbing, Sewer Line, & Complete Exterior Paint. Some units have been updated and two units are being held vacant to allow new buyer to renovate to their personal aesthetic and rent units at the top of the market. Rare opportunity for a savvy investor looking to capitalize on the exciting renovation and income opportunities.
Off market
$2,722,500
5926 Carlton Way, Los Angeles, CA 90028
12beds
10baths
6,786sqft
MultiFamily
Built in 1953
-- sqft lot
$2,722,500 Zestimate®
$401/sqft
$2,942 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
Heating
- Gas
Cooling
- None
Interior area
- Total interior livable area: 6,786 sqft
Property
Parking
- Total spaces: 7
- Parking features: Carport, Garage - Detached
Features
- Has view: Yes
- View description: City
Lot
- Size: 9,221 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1953
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- UnitTypeType: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10
- Equipment: Other
- ParkingGarage: Driveway, Covered Parking, Driveway Gate
- SourceLotSizeArea: Vendor Enhanced
- ListingArea: Hollywood
- ListingStatus: Pending
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Estimated market value
$2,722,500