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5915 Carlton Way $1,995,000

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    5915 Carlton Way Los Angeles, CA 90028

    • 6 Beds
    • 6 Baths
    • 6,159 sq. ft.
    • Multi-Family
    • MLS# 22-194613
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    Views: 7 Days On Site: 96

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    Property Details

    We are pleased to offer for sale this high character six-unit apartment community located at 5915 Carlton Way in the heart of Los Angeles' Hollywood neighborhood. As one of Los Angeles' most densely populated neighborhoods, Hollywood is a highly sought-after submarket due to its vibrant and lively nightlife, trendy retail, and coffee shops within the immediate area. This area has been attracting families, young professionals, and trendsetters alike in recent years. Located south of Hollywood Boulevard, west of the 101 Freeway, and situated on an 8,276 square foot parcel, the property is comprised entirely of one-bedroom and one-bedroom + den units. Two of the units will be delivered vacant. This will be the first time the subject property has been on market in over 40 years. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate vacant units and achieve superior future returns moving forward makes 5915 Carlton Way an excellent acquisition opportunity.

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    Neighborhood

    90028 (Los Angeles) Demographics

    36 Median Age
    20,590 Population Density (per sq. mile)
    56% College Educated
    $50,253 Estimated Median Income
    829 Estimated Total Home Owners
    16,285 Estimated Total Renters
    5% / 95% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,385 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $695,000 Median Sales Price
    4 Homes Sold
    18 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,995,000
        11/10/2022 6:24:08 PM Price Reduced Source: Multiple Listing Service New Value: $1,995,000 -9.11%
        8/30/2022 5:40:00 PM New in Database Source: Multiple Listing Service New Value: $2,195,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.