NOT LISTED FOR SALE

5717 Carlton Way Los Angeles, CA 90028

Hollywood Neighborhood
0.2 Acre
-- Price per Acre
8,750 Sq Ft Lot

Last Sold October 02, 2020

Last sale price $3,750,000

167 Days on Market

About This Lot

As of October 2020

REDUCED BY $1M! Fifty Seven 17 is a 39-unit multifamily development site in Hollywood that is located at the epicenter of the entertainment and technology convergence that is redefining the industry and transforming the Hollywood submarket. Approximately 8,750 square foot lot zones LAR4-2 will be delivered RTI (Ready to Issue Permits) with a full set of construction drawings, including architectural, structural, mechanical, electrical, plumbing, civil and landscape that have been approved by Los Angeles Department of City Planning and Building and Safety. The development consists of five levels of residences over two levels of above-ground parking. The second level is equipped with a gym. The project has a great unit mix of (5) two bedrooms, (29) one-bedrooms and (5) studios, and was designed with the younger, more environmentally conscious tenant in mind. The property also sits within an Opportunity Zone.

Last Agent to Sell the Property

Kimberly Roberts Stepp

Keller Williams Beverly Hills License #01251767 Listed on: 04/14/2020

Keller Williams Beverly Hills

Last Buyer's Agent

Ivan Marchetti

Revel Real Estate License #01961741

Property Details

Property Type

  • Land

Lot Details

  • 8,750 Sq Ft Lot
  • Property is zoned LAR4

Listing and Financial Details

  • Assessor Parcel Number 5586-035-013

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: REDUCED BY $1M! Fifty Seven 17 is a 39-unit multifamily development site in Hollywood that is located at the epicenter of the entertainment and technology convergence that is redefining the industry and transforming the Hollywood submarket. Approximately 8,750 square foot lot zones LAR4-2 will be delivered RTI (Ready to Issue Permits) with a full set of construction drawings, including architectural, structural, mechanical, electrical, plumbing, civil and landscape that have been approved by Los Angeles Department of City Planning and Building and Safety. The development consists of five levels of residences over two levels of above-ground parking. The second level is equipped with a gym. The project has a great unit mix of (5) two bedrooms, (29) one-bedrooms and (5) studios, and was designed with the younger, more environmentally conscious tenant in mind. The property also sits within an Opportunity Zone, allowing for the possibility of deferral or removal of capital gains via a qualified opportunity fund.
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5586-035-013
  • Geocode Override: No
  • Lot Size Area: 8750
  • Potential Usage: 7-Story, 39-Unit Apartment Building

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 Change Sq Ft Price
10/02/2020 10/02/20 Sold $3,750,000 -6.1% --
09/28/2020 09/28/20 Pending -- -- --
07/20/2020 07/20/20 Price Changed $3,995,000 -20.0% --
04/14/2020 04/14/20 For Sale $4,995,000 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kimberly Roberts Stepp

    Seller's Agent in 2020

    Kimberly Roberts Stepp

    Keller Williams Beverly Hills

    (310) 482-2200

    1 in this area

    15 Total Sales

    Kimberly Roberts Stepp
    Section Image
  • Ivan Marchetti

    Buyer's Agent in 2020

    Ivan Marchetti

    Revel Real Estate

    (310) 467-1542

    1 in this area

    16 Total Sales

    Ivan Marchetti
    Section Image
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Map

Source: The MLS

MLS Number: 20-570850

The MLS

California Los Angeles County Los Angeles 90028 Hollywood

5717 Carlton Way, Los Angeles, CA

This home is located at 5717 Carlton Way, Los Angeles, CA 90028 since 14 April 2020. 5717 Carlton Way is a home located in Los Angeles County with nearby schools including Grant Elementary School, Joseph Le Conte Middle School, and Hollywood Senior High School.

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