5923 Carlton Way Los Angeles, CA $ 2,800,000
5923 Carlton Way
$ 2,800,000
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5923 Carlton Way

Los Angeles, CA, 90028
$ 2,800,000
Baths1.0 Sq 9,248

Monthly Estimate*

$ 17,468

Listed by Nohco Real Estate
5923 Carlton Way, Los Angeles, CA 90028 - Image 1
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,800,000 with 1 full bath. This 9,248 square foot home was built in 1961 on a lot size of 0.1923.

PRICE REDUCTION! Two Units to be Delivered Vacant! 5923 Carlton Way presents a well-located 12-unit multifamily asset in the highly desirable Hollywood submarket—an area known for strong tenant demand, limited inventory, and proximity to world-renowned landmarks and new developments. Built in 1961, the two-story property offers approximately 9,248 square feet of rentable space on an 8,325 SF lot zoned LA-R4. The unit mix includes (8) one-bed/one-bath & (4) two-bed/two-bath units, appealing to a wide renter demographic. The property features 14 covered carport parking spaces—an increasingly rare amenity in this high-density neighborhood. These parking spaces also offer a significant value-add opportunity, with potential for conversion into ADUs for additional income. Recent capital improvements include a completed soft-story seismic retrofit, ensuring structural compliance and reducing future capital expenditure. Additional amenities include a coin-operated laundry room, rooftop access, and scenic views of the Hollywood Sign. The property sits directly adjacent to the tranquil Carlton Way Park and is within close proximity to major Hollywood landmarks, developments, and entertainment hubs.

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Multi-Family Pending

Price

$ 2,800,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1923

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC25129260

Days on Market

192

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Flat
Appliances Disposal Gas Range Microwave Range Hood Water Heater
Zoning LAR4
Garage Spaces 0
Pool Features None
Security Features Fire Sprinkler System Smoke Detector(s)
Construction Materials Stucco
Year Built 1961
Tenant Pays Electricity Gas Telephone
View Landmark
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 267142
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 167893
Operating Expense 96163
Insurance Expense 0
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Pending
Directions Off 101 fwy exit Sunset Blvd westbound turn right on Gordon St turn right on Carlton Way.
City Los Angeles
Entry Location Front
Senior Community Y/N false
Number Of Units Total 12
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 8376
Carport Spaces 14
Carport Y/N true
Number of Units Leased 10
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Pending
Year Built Source Assessor
Tax Lot 16
Total Actual Rent 22262
Property Sub Type Additional Apartment
Cap Rate 6
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Interior
Interior Amenities Ceiling Fan(s) Granite Counters
Flooring Carpet Laminate Tile
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup Laundry Room
Entry Level 1
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Exterior
Fencing Block Wrought Iron
Parking Features Carport
Lot Features 11-15 Units/Acre
Water Source Public
Total Parking 14
Lot Size Area 8376
Number of Buildings 1
Spa false
Building Area Total 9248
Lot Size Acres 0.1923
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
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* Excluded Features
List By
Nohco Real Estate

Broker

brian@nohco.com

Email

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$17,468
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Monthly Principal & Interest
$17,468
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,800,000 Listed Price

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5923 Carlton Way, Los Angeles, CA, 90028 is a Multi-Family Home for sale at $2,800,000 with 9,248 sqft and a lot size of 0.1923. 5923 Carlton Way is a studio with 1.0 baths and was built in 1961. The property's zip code is 90028 which is in Los Angeles, CA