5942 Carlton Way, Los Angeles, CA 90028
5942 Carlton Way, Los Angeles, CA 90028
5942 Carlton Way, Los Angeles, CA 90028
41
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$1,395,000
Est. payment /mo
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4 Beds
4 Baths
3,030 SqFt
Open Sun 2PM-4PM

5942 Carlton Way Los Angeles, CA 90028

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Roxana Fierro

Roxana Fierro

+1(702) 576-1282

Open House

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

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

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,030 sqft

Price per Sqft $460

MLS Listing ID 26871829

Style Spanish

Bedrooms 4

Year Built 1923

Lot Size 2,842 Sqft

Acres 0.0652

Property Sub-Type Multi-Family

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 Hollywood

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Fireplaces Type None

Equipment Built-Ins, Ceiling Fan

Laundry Community

Exterior

Parking Features Garage - None, On street

Pool None

Waterfront Description None

View Y/N No

View None

Building

Story 2

Architectural Style Spanish

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Nourmand & Associates-HW

NEARBY SCHOOL & BUSINESS

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Roxana Fierro

Roxana Fierro

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+1(702) 576-1282

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5942 Carlton Way