NOT LISTED FOR SALE

5926 Carlton Way Los Angeles, CA 90028

Hollywood Neighborhood
12 Beds
10 Baths
6,786 Sq Ft
9,221 Sq Ft Lot

Last Sold August 17, 2017

Last sale price $2,525,000 $372 Per Sq Ft

17 Days on Market

Highlights

  • City View
  • Detached Carport Space
  • Auto Driveway Gate
  • STEM Academy at Bernstein High Rated A-

About This Home

As of August 2017

Prime Hollywood 10 Unit Multifamily Investment, with 6.41% Pro Forma Cap Rate & 11.49 Pro Forma GRM. True Value-Add Opportunity with approximately 30% upside in rents. Excellent opportunity to re-position a property within a rapidly redeveloping pocket of the city. Property is nestled amongst newly constructed and beautifully restored properties garnering high rental rates. Vital Infrastructure updates have recently been completely including: New Electric Service, Roof, Plumbing, Sewer Line, & Complete Exterior Paint. Some units have been updated and two units are being held vacant to allow new buyer to renovate to their personal aesthetic and rent units at the top of the market. Rare opportunity for a savvy investor looking to capitalize on the exciting renovation and income opportunities.

Last Agent to Sell the Property

Kristy Elaine

Redfin License #01948906 Listed on: 04/24/2017

Redfin

Co-Listed By

Larry Cannizzaro

Lawrence Frank Cannizzaro License #00609154

Last Buyer's Agent

Kristy Elaine

Redfin License #01948906 Listed on: 04/24/2017

Redfin

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 9,221

Interior Spaces

  • 6,786 Sq Ft Home
  • 2-Story Property
  • City Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Parking

  • 7 Parking Spaces
  • Detached Carport Space
  • Auto Driveway Gate
  • Driveway

Additional Features

  • 9,221 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5545-009-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Please drive by only. Do not walk on the property grounds, or disturb tenants. All submitted offers should be accompanied by proof of funds.
  • Living Area: 6786
  • Probate: No
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 10.00
  • Den: 0
  • Price Per S Q F T: 377.10

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Detached, Covered Parking, Driveway, Driveway Gate
  • Total Parking: 7

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 283777
  • Assessed Land Value: 141881
  • Assessor Parcel Number: 5545-009-018
  • Geocode Override: No
  • Lot Size Area: 9221

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 16.42
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 53476
  • Type Of Units: Apartment
  • Vacancy Rate: 20%

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
08/17/2017 08/17/17 Sold $2,525,000 -1.3% $372 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $2,559,000 -- $377 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kristy Elaine

    Redfin

    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Larry Cannizzaro

    Lawrence Frank Cannizzaro

    (310) 963-4870

    3 Total Sales

    Larry Cannizzaro
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-224364

The MLS
California Los Angeles County Los Angeles 90028 Hollywood

5926 Carlton Way, Los Angeles, CA

This home is located at 5926 Carlton Way, Los Angeles, CA 90028 since 24 April 2017. This property was built in 1953. 5926 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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