NOT LISTED FOR SALE

5440 Carlton Way Los Angeles, CA 90027

East Hollywood Neighborhood
25 Beds
25 Baths
13,488 Sq Ft
0.26 Acres

Last Sold March 05, 2021

Last sale price $5,225,000 $387 Per Sq Ft

31 Days on Market

About This Home

As of March 2021

Carlton Way Apartments is an 18-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1985 and offers +/- 13,488 of improvements on a +/- 11,110 square foot lot. Carlton Way Apartments features a strong unit mix of 6 One-Bedroom and 12 Two-Bedroom Units. The property features a center hallway and 17 parking spaces. The units are individually metered for both gas and electric and there is one central water heater. The property has one central water heater. Since the property was constructed in 1985 it is not subject to the earthquake retrofit requirements. New ownership can add value by either renovating unit interiors as they become vacant, or by simply implementing the annual rent increases of 5%+ CPI 8% pre-Coronavirus. Large compounded rent increases will quickly help a new buyer realize close to market rents without the cost of turning units. Can be purchased individually or with 226 S Serrano and 5532 Harold Way.

Last Agent to Sell the Property

Adam Zunder

Iconic Investments License #01821053 Listed on: 11/02/2020

Co-Listed By

Peter Strauss

Iconic Investments License #01335696

Last Buyer's Agent

Adam Zunder

Iconic Investments License #01821053 Listed on: 11/02/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.26

Interior Spaces

  • 13,488 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 25 Bathrooms

Parking

  • 20 Parking Spaces
  • Parking Garage Space

Additional Features

  • 0.26 Acre Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 5544-022-400

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 13488
  • Lot Acreage: 0.2551
  • Stories: 2
  • Year Built: 1985
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 25
  • Total Bathrooms: 25.00
  • Price Per S Q F T: 426.30

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Community Garage
  • Total Parking: 20

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 39.99
  • Assessed Improvement Value: 669223
  • Assessed Land Percent: 60.01
  • Assessed Land Value: 1004125
  • Total Assessed Value: 1673348
  • Assessor Parcel Number: 5544-022-400
  • Lot Size Area: 11111

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.39
  • Number Of Units: 18
  • Total Annual Expense: 145385
  • Type Of Units: Apartments
  • Vacancy Rate: 0%

Range of Values:

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Average Value
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List Price
Sold Price
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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
03/05/2021 03/05/21 Sold $5,225,000 -9.1% $387 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $5,750,000 -- $426 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Zunder

    Seller's Agent in 2021

    Adam Zunder

    Iconic Investments

    (818) 554-5560

    2 in this area

    42 Total Sales

    Adam Zunder
    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Peter Strauss

    Iconic Investments

    Section Image
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Map

Source: The MLS

MLS Number: 20-654688

The MLS
California Los Angeles County Los Angeles 90027 East Hollywood

5440 Carlton Way, Los Angeles, CA

This home is located at 5440 Carlton Way, Los Angeles, CA 90027 since 02 November 2020. This property was built in 1985. 5440 Carlton Way is a home located in Los Angeles County with nearby schools including Grant Elementary School, Joseph Le Conte Middle School, and Helen Bernstein High School.

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