$1,499,999
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5727 Carlton Way Los Angeles, CA 90028
Cluster
Residence
6
Beds
6
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
**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 Angele...s. 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.
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MLS#
224003555
Property Type
Cluster
Bedrooms
6
Bathrooms
6 Full
Year Built
1928
Lot Size
0.16
Stories
2.0
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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