NOT LISTED FOR SALE

5731 Carlton Way Los Angeles, CA 90028

Hollywood Neighborhood
10 Beds
10 Baths
3,458 Sq Ft
8,750 Sq Ft Lot

Last Sold January 12, 2019

Last sale price $2,050,000 $593 Per Sq Ft

40 Days on Market

About This Home

As of January 2019

Matthews Real Estate is pleased to present investors with the opportunity to acquire this attractive 10-unit bungalow style building on Carlton Way. Located inside Hollywood's Studio District, this value add opportunity boasts over 50% rental upside potential for future investors. With Viacom and Netflix located nearby, investors will be able to capitalize on the continual demand for multifamily housing that this area has to offer. Enter through the property's secured gated entry into a courtyard that surrounds you with (10) ten - 1Bed/1Bath units. These bungalow units are situated on a large 8,750SF lot with LAR4 Zoning - TOC Tier 3 Site. Walking distance from many restaurants, groceries, bars, theaters, and museums, take a stroll outside and enjoy the amenities that this favorable location in Hollywood has to offer.

Last Agent to Sell the Property

Kyle Mirrafati

Matthews Real Estate Investment Services License #01911204 Listed on: 10/03/2018

Last Buyer's Agent

Kyle Mirrafati

Matthews Real Estate Investment Services License #01911204 Listed on: 10/03/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,750 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 3,458 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5586-035-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3458
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 10.00
  • Den: 0
  • Price Per S Q F T: 636.21

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 5

Lot Info

  • Assessor Parcel Number: 5586-035-016
  • Geocode Override: No
  • Lot Size Area: 8750

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 17.22
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 50753
  • Type Of Units: Bungalows
  • Vacancy Rate: 0%

Range of Values:

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Average Value
Not Available
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
01/12/2019 01/12/19 Sold $2,050,000 -6.8% $593 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $2,200,000 -- $636 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kyle Mirrafati

    Seller's Agent in 2019

    Kyle Mirrafati

    Matthews Real Estate Investment Services

    (866) 889-0550

    23 Total Sales

    Kyle Mirrafati
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Map

Source: The MLS

MLS Number: 18-393604

The MLS

California Los Angeles County Los Angeles 90028 Hollywood

5731 Carlton Way, Los Angeles, CA

This home is located at 5731 Carlton Way, Los Angeles, CA 90028 since 03 October 2018. This property was built in 1923. 5731 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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