$5,500,000
$750K PRICE DROP

5427 Carlton Way Los Angeles, CA 90027

East Hollywood Neighborhood

Estimated payment $34,345/month

Total Views 4,973
20 Beds
22 Baths
15,320 Sq Ft
$359 Price per Sq Ft

Highlights

  • In Ground Pool
  • 2-minute walk to Hollywood/Western Station
  • Intercom
  • 0.39 Acre Lot
  • Courtyard Views
  • Air Conditioning

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.

Listing Agent

Demis Dokhanian

JNM Realty, INC. License #01940496 Listed on: 09/02/2025

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

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Parking

  • 11 Open Parking Spaces
  • 17 Parking Spaces
  • 6 Covered Spaces
  • Covered Parking
  • Automatic Gate

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Additional Features

  • ADA Compliant
  • In Ground Pool

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1957 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Building Permit: Yes
  • Living Area: 15320
  • Lot Acreage: 0.3941
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 22.00
  • Equipment: Washer, Dryer, Intercom
  • Price Per S Q F T: 359.01

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Pool Description: Community
  • Pool: Yes
  • Spa Yn: No
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Other Spaces: 11
  • Covered Parking: 6
  • Parking Garage: Covered Parking
  • Total Parking: 17

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Electric
  • Security: Automatic Gate, Gated, Card/Code Access, Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5544-021-007
  • Lot Size Area: 17165

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.91
  • Number Of Units: 22
  • Type Of Units: 22

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Price Changed $5,500,000 -5.2% $359 / Sq Ft
09/02/2025 09/02/25 For Sale $5,800,000 0.0% $379 / Sq Ft
09/01/2025 09/01/25 Off Market $5,800,000 -- --
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
Source: The MLS

Source: The MLS

MLS Number: 25553221

The MLS
California Los Angeles County Los Angeles 90027 East Hollywood

5427 Carlton Way, Los Angeles, CA

For Sale

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Demis Dokhanian
Listing Agent
Demis Dokhanian
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JNM Realty, INC.
(310) 270-6616