
5427 Carlton Way Los Angeles, CA 90027
East Hollywood NeighborhoodEstimated payment $37,341/month
Highlights
- In Ground Pool
- 2-minute walk to Hollywood/Western Station
- Intercom
- 0.39 Acre Lot
- Courtyard Views
- Card or Code Access
About This Home
JNM Realty Inc is proud to present, on an exclusive basis, a 22-unit low-rise apartment complex in the heart of East Hollywood with tremendous in-place cash flow. The asset has been professionally managed and maintained over the past 11 years and presents the opportunity for a new investor to improve the facility and its financial output through extended renovations. Community amenities include a pool, laundry room, and onsite parking. The property has been extremely well-maintained with improvements to the exterior facade and sixteen (16) of twenty-two (22) units fully renovated featuring new flooring, electrical, plumbing, and mini splits. There are (17) onsite parking spaces, non-tandem. A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in a 10.83% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.65% stabilized cap rate and a 17.67% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957 | Remodeled
Lot Details
- 0.39 Acre Lot
- South Facing Home
- Gated Home
Home Design
- Split Level Home
Interior Spaces
- 15,320 Sq Ft Home
- 2-Story Property
- Courtyard Views
Bedrooms and Bathrooms
- 20 Bedrooms
- 22 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Intercom
- Carbon Monoxide Detectors
Parking
- 11 Open Parking Spaces
- 17 Parking Spaces
- 6 Covered Spaces
- Covered Parking
- Automatic Gate
Additional Features
- ADA Compliant
- In Ground Pool
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Assessor Parcel Number 5544-021-007
Community Details
Recreation
- Community Pool
Additional Features
- 22 Units
- Laundry Facilities
- Card or Code Access
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/21/2025 07/21/25 | Price Changed | $5,800,000 | -7.2% | $379 / Sq Ft |
06/17/2025 06/17/25 | For Sale | $6,250,000 | -- | $408 / Sq Ft |
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