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    5440 Carlton Way

    Los Angeles, CA 90027
    • $5,750,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 20-654688
    $5,750,000
    • 25
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,488
      SQFT
    • $426
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Description

    Carlton Way Apartments is an 18-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1985 and offers +/- 13,488 of improvements on a +/- 11,110 square foot lot. Carlton Way Apartments features a strong unit mix of 6 One-Bedroom and 12 Two-Bedroom Units. The property features a center hallway and 17 parking spaces. The units are individually metered for both gas and electric and there is one central water heater. The property has one central water heater. Since the property was constructed in 1985 it is not subject to the earthquake retrofit requirements. New ownership can add value by either renovating unit interiors as they become vacant, or by simply implementing the annual rent increases of 5%+ CPI 8% pre-Coronavirus. Large compounded rent increases will quickly help a new buyer realize close to market rents without the cost of turning units. Can be purchased individually or with 226 S Serrano and 5532 Harold Way.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T23:42:33.277. 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.
    www.trulinerealty.com/homes/111555037
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    5440 Carlton Way Los Angeles, CA 90027

    • Price: $5,750,000
    • Status: Active
    • ID#: 20-654688
    25
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    13,488
    SQFT
    $426
    $/SQFT
    1985
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Carlton Way Apartments is an 18-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1985 and offers +/- 13,488 of improvements on a +/- 11,110 square foot lot. Carlton Way Apartments features a strong unit mix of 6 One-Bedroom and 12 Two-Bedroom Units. The property features a center hallway and 17 parking spaces. The units are individually metered for both gas and electric and there is one central water heater. The property has one central water heater. Since the property was constructed in 1985 it is not subject to the earthquake retrofit requirements. New ownership can add value by either renovating unit interiors as they become vacant, or by simply implementing the annual rent increases of 5%+ CPI 8% pre-Coronavirus. Large compounded rent increases will quickly help a new buyer realize close to market rents without the cost of turning units. Can be purchased individually or with 226 S Serrano and 5532 Harold Way.
    Exterior Features

    Lot Size Area 11111 Other Structures None Parking Garage Community Garage Total Parking 20

    Interior Features

    Baths Total 25.00 Cooling Wall Unit(S) Equipment None Heating None

    Property Features

    Assessed Total Value 1673348 Gross Income 399696 Gross Operating Income 399696 Like Units1 12 Like Units2 6 Net Operating Income 245320.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 145385 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T23:42:33.277. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211