5731 Carlton Way

    Los Angeles (City), CA 90028
    • $2,200,000
    • STATUS: Pending
    • ON SITE: 43 days
    • ID#: 18393604
    Pending
    UPDATED: 73 min ago
    $2,200,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,458
      SQFT
    • $636
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Matthews Real Estate is pleased to present investors with the opportunity to acquire this attractive 10-unit bungalow style building on Carlton Way. Located inside Hollywood's Studio District, this value add opportunity boasts over 50% rental upside potential for future investors. With Viacom and Netflix located nearby, investors will be able to capitalize on the continual demand for multifamily housing that this area has to offer. Enter through the property's secured gated entry into a courtyard that surrounds you with (10) ten - 1Bed/1Bath units. These bungalow units are situated on a large 8,750SF lot with LAR4 Zoning - TOC Tier 3 Site. Walking distance from many restaurants, groceries, bars, theaters, and museums, take a stroll outside and enjoy the amenities that this favorable location in Hollywood has to offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88231275

    5731 Carlton Way Los Angeles (City), CA 90028

    • Price: $2,200,000
    • Status: Pending
    • Updated: 73 min ago
    • ID#: 18393604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,458
    SQFT
    $636
    $/SQFT
    1923
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Matthews Real Estate is pleased to present investors with the opportunity to acquire this attractive 10-unit bungalow style building on Carlton Way. Located inside Hollywood's Studio District, this value add opportunity boasts over 50% rental upside potential for future investors. With Viacom and Netflix located nearby, investors will be able to capitalize on the continual demand for multifamily housing that this area has to offer. Enter through the property's secured gated entry into a courtyard that surrounds you with (10) ten - 1Bed/1Bath units. These bungalow units are situated on a large 8,750SF lot with LAR4 Zoning - TOC Tier 3 Site. Walking distance from many restaurants, groceries, bars, theaters, and museums, take a stroll outside and enjoy the amenities that this favorable location in Hollywood has to offer.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.32 Gross Multiplier 17.22 Gross Operating Income 127728.00 Laundry YN Yes Net Operating Income 73143.00 Special Listing Conditions Standard Total Expenses 50753.00 Zoning Lar4 (Toc Tier 3)

    Listing provided courtesy of Kamfar Kyle Mirrafati of Matthews Real Estate Investmen.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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