$2,900,000

5947 Carlton Way Los Angeles, CA 90028

Hollywood Neighborhood

Estimated payment $19,102/month

Total Views 24
3 Beds
4 Baths
9,440 Sq Ft
$307 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 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 from Carlton 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 the Hollywood Collection offering and can be purchasedindividually or together with 5923 Carlton Way & 1545 Gordon St.

Last Listed By

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

  • 9,160 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

  • 9,440 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: 307.20
  • 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: 9160.00
  • Lot Size Acres: 0.2103

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: 9160.0000 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 -- $307 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in Los Angeles, CA

  • 4325 Clinton St, Los Angeles, CA 90004

    $2,380,000

    • 1 Bed
    • 1 Bath
    • 4,806 Sq Ft
    • 4325 Clinton St
    • Los Angeles, CA

    Leonardo Laterza of Marcus & Millichap, as the exclusive listing agent, is proud to present a prime multifamily investment opportunity at 4325-4327 Clinton St, located just south of Melrose Ave and north of Rosewood Ave in one of the most desirable pockets of Los Angeles. This corner-lot property spans 7,823 SF, offering easy access to the 101 Freeway and is strategically positioned between

    Leonardo Laterza Marcus & Millichap RE Invest

    Section Image
  • 144 S Catalina St, Los Angeles, CA 90004

    $2,300,000

    • 1 Bed
    • 20,510 Sq Ft
    • 144 S Catalina St
    • Los Angeles, CA

    Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for for 2 two-bedroom, 36 one-bedroom units and 8 studios,, totaling approx. 15,703 SF of rentable space

    Rana Khanjani Sync Brokerage

    Section Image
  • 350 N Hayworth Ave, Los Angeles, CA 90048

    $2,900,000

    • 2 Beds
    • 1 Bath
    • 5,070 Sq Ft
    • 350 N Hayworth Ave
    • Los Angeles, CA

    *DEVELOPMENT OPPORTUNITY* We proudly present 350 N Hayworth Ave—a prime redevelopment opportunity located in the heart of Beverly Grove, 90048. The property currently features a vacant, fire-damaged 4-unit building totaling 5,070 square feet and is ready for demolition. Sitting on a 7,526 square foot LAR4-zoned lot, the site benefits from an SB-8 exemption, as it has remained unoccupied for over

    Bobby Sillman Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 608 N Rampart Blvd, Los Angeles, CA 90026

    $2,395,000

    • 1 Bed
    • 1 Bath
    • 4,040 Sq Ft
    • 608 N Rampart Blvd
    • Los Angeles, CA

    5% CAP* | In-Unit Laundry | In Unit Mini-Split AC | Parking.....We are pleased to present Olive on Rampart, a beautifully curated 7-unit multifamily property ideally located on the border of Echo Park and Silver Lake—two of Los Angeles’ most dynamic and desirable neighborhoods. Originally built in 1924/25 and 1960, the property sits on a 7,313 SF lot with a 4,040 SF building footprint, zoned LARD

    Jared Levine Keller Williams Realty Calabasas

    Section Image
  • 1325 Douglas St, Los Angeles, CA 90026

    $2,600,000

    • 1 Bed
    • 1 Bath
    • 3,456 Sq Ft
    • 1325 Douglas St
    • Los Angeles, CA

    Discover this prime investment opportunity in Echo Park with this historic 8-unit apartment building. Built in 1923, each charming 1-bed, 1-bath unit offers cozy living spaces. Totaling 3,456 sq ft on a 7,315 sq ft lot, this property is ideal for those seeking urban convenience. Zoned LARD1.5, it's located near Dodger's Stadium, Tsubaki, The Douglas, El Compadre, Stereoscope Coffee, Lowboy,

    Matias Stofenmacher Edgestone Real Estate, Inc.

    Section Image
  • 116 S Mathews St, Los Angeles, CA 90033

    $2,425,000

    • 1 Bed
    • 1 Bath
    • 10,478 Sq Ft
    • 116 S Mathews St
    • Los Angeles, CA

    PROPERTY OVERVIEW (All One Bedrooms / 9.17 GRM*) - As the exclusive listing agent, we are pleased to present the opportunity to acquire Mathews Apartments, a 18-unit multifamily property located in the highly sought-after Boyle Heights submarket of Los Angeles. This property is ideally positioned near major landmarks and offers a living experience in one of the city’s most vibrant and

    Jared Levine Keller Williams Realty Calabasas

    Section Image
See All Homes in Los Angeles

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 $307 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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

Nearby Homes
Brian Noh
Listing Agent
Brian Noh
Section Image
Nohco Real Estate
(213) 804-7647