$2,900,000

5947 Carlton Way Los Angeles, CA 90028

Hollywood Neighborhood

Estimated payment $18,916/month

Total Views 1,259
3 Beds
4 Baths
10,746 Sq Ft
$270 Price per Sq Ft

Highlights

  • Views of a landmark
  • No HOA
  • Double Pane Windows
  • Granite Countertops
  • Subterranean Parking
  • Cooling System Mounted To A Wall/Window

About This Home

5947 Carlton Way is a turnkey 13-unit multifamily asset ideally positioned in the heart of Hollywood—one of Los Angeles' most sought-after rental markets. Built in 1960 and situated on a 9,157 SF lot zoned LA-R4, this well-maintained 2-story property is approx 10,746 SF in size and features a desirable and diverse unit mix:(2) studios, (8) one-bed/one-bath units, and (3) two-bed/one+half-bath units. This balanced layout attracts a wide range of tenants and supports consistent occupancy. A standout feature in this dense urban market is the 14 gated underground parking spaces, offering convenience and added value rarely found in similar properties. Residents also benefit from on-site amenities including a coin-operated laundry room, private balconies, and an intercom and camera system for enhanced security. Recent capital improvements—including fresh exterior paint, new dual-pane windows throughout, and replaced plumbing—reduce deferred maintenance and position the property for strong long-term performance. Located steps fromCarlton Way Park and in close proximity to major Hollywood developments, employers, and landmarks, 5947 Carlton Way presents investors with a rare opportunity to acquire a stabilized, low-maintenance asset with immediate cash flow in a high-demand rental corridor. This is part of theHollywood Collection offering and can be purchased individually or together with 5923 Carlton Way & 1545 Gordon St.

Listing Agent

Brian Noh

Nohco Real Estate Brokerage Phone: 9493085775 License #01438155 Listed on: 06/12/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,157 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped
  • Density is 11-15 Units/Acre

Parking

  • 14 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • Apartment
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 10,746 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Views of a landmark

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 2
  • Assessor Parcel Number 5545005018
  • $1,277 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 13 Units

Building Details

  • 13 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $105,394
  • Gross Income $243,050
  • Net Operating Income $134,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

14

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Price Per Unit: 223077
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: LAR4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5545005018
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 269.87
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • View: Landmark
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Garage, Subterranean
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Range Hood, Water Heater
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Landscaped
  • Lot Size Sq Ft: 9157.00
  • Lot Size Acres: 0.2102

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 243050.00
  • Gross Multiplier: 11.90
  • Gross Scheduled Income: 243050.00
  • Lot Size Area: 9157.0000 Square Feet
  • Net Operating Income: 134146.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 13
  • Operating Expense: 105394.00
  • Rent Control: Yes
  • Total Actual Rent: 20254.00
  • Total Expenses: 105394.00

Tax Info

  • Tax Census Tract: 1910.00
  • Tax Lot: 6
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 1277.00

Map

Range of Values:

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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
06/12/2025 06/12/25 For Sale $2,900,000 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25129254

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90028 Hollywood

5947 Carlton Way, Los Angeles, CA

This home is located at 5947 Carlton Way, Los Angeles, CA 90028 and is currently priced at $2,900,000, approximately $269 per square foot. This property was built in 1960. 5947 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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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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Brian Noh
Listing Agent
Brian Noh
Section Image
Nohco Real Estate
(213) 804-7647