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5942 Carlton Way

Los Angeles, CA 90028
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Bed 4

Bed

Bath 4

Bath

SqFt3,030

Sqft

SqFt2,842

Sqft(Lot)

Exceptional investment opportunity in the heart of Hollywood! Built in 1923, this classic Spanish-style fourplex offers timeless character, immediate rental upside, and strong long-term investment potential. Situated on a low-maintenance corner LAR4-zoned lot, the property features four spacious one-bedroom, one-bathroom units totaling approximately 3,020 square feet (approximately 755 square feet per unit; buyer to verify). Each residence enjoys its own private entrance and is separately metered for gas and electricity, providing efficient property management and reduced owner expenses.A rare feature in today's market, two of the four units will be delivered vacant (upstairs and downstairs on the west side of the building), allowing the next owner to immediately lease at current market re nts or select their own tenants. Both vacant units have been freshly painted and are move-in ready, creating an ideal opportunity to increase cash flow from day one. The remaining two units are occupied by long-term tenants, providing stable in-place income while offering future rental upside.The property's low-maintenance design, with no on-site parking or landscaping, helps minimize ongoing operating expenses. Pro forma financials are available upon request, highlighting the property's attractive investment potential and projected returns.Ideally located just minutes from Hollywood Boulevard, Sunset Boulevard, Netflix, Paramount Studios, shopping, restaurants, entertainment, and Metro transit, the property benefits from one of Los Angeles' strongest rental markets with consistently high tenant demand.An outstanding opportunity for investors, 1031 exchange buyers, or those looking to expand their multifamily portfolio with a classic Hollywood asset offering immediate upside, stable income, and exceptional long-term appreciation potential.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,395,000

AD Id : 89519209

MLS Id : 26871829

Beds : 4

Lot Size : 2,842 Sq. Ft

Living Area Size : 3,030 Sq. Ft

Year Built : 1923

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4
  • Interior Features

    CeilingFans
    Laundry Features: CommonArea
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1923
    Building Area Total: 3030
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 2842 Lot Size Acres: 0.0652 Lot Size Square Feet: 2,842

  • Listing Price Information

    Listing Price: $1395000

  • Tax Information

    Parcel Number: 5545009015

  • Location Information

    Direction: South of Hollywood, North of Sunset, West of Bronson, East of Gower
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5667 Franklin Avenue, Los Angeles, CA, 90028 $1,525,000 5 7 5,105 6,021 Sq. Ft
1546 N St Andrews Place, Los Angeles, CA, 90028 $950,000 2 2 1,154 2,055 Sq. Ft
5815 Franklin Avenue, Los Angeles, CA, 90028 $1,050,000 3 3 1,713 3,389 Sq. Ft
1807 N Van Ness Avenue, Los Angeles, CA, 90028 $1,495,000 6 4 2,910 8,252 Sq. Ft
6043 Selma Avenue, Los Angeles, CA, 90028 $2,850,000 10 6 4,328 19,809 Sq. Ft
1554 La Baig Avenue, Los Angeles, CA, 90028 $1,895,000 5 4 -- 5,502 Sq. Ft
1556 La Baig Ave, Los Angeles, CA, 90028 $1,895,000 5 4 -- 5,500 Sq. Ft
5961 Fountain Avenue, Los Angeles, CA, 90028 $1,249,000 2 4 1,746 893 Sq. Ft
6253 Hollywood Boulevar.., Los Angeles, CA, 90028 $895,000 3 2 1,730 12,604 Sq. Ft
1645 N Vine Street #905, Los Angeles, CA, 90028 $739,000 1 1 1,000 22,507 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/10/2026 @ 05:17

MLS: 26871829 LISTED BY: Gina Isaac, Nourmand & Associates-HW 323-462-6262 SOURCE: CRMLS

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