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5705 Carlton Way Los Angeles, CA 90028

$2,850,000 Sold Price as of 06/14/2019

12 Beds
11 Baths
8,590 Sq.Ft.

Sold

$2,850,000 Sold Price as of 06/14/2019 Refinance Your Mortgage

Map preview of 5705 Carlton Way, Los Angeles, CA 90028

Property Overview: 5705 Carlton Way Los Angeles, CA has 12 bedrooms, 11 bathrooms, 8,590 living square feet and 8,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 5705 Carlton Way, an eleven (11) unit multifamily property located in Los Angeles, California.Built in 1953, the property features a streamlined unit mix of ten (10) one bedroom / one bathroom units, and one (1) two bedroom / two bathroom unit. Tenants enjoy garage parking, recently renovated units, on-site laundry, and gated entry with security cameras. In addition, the property has well-maintained roofing and partial new copper piping. Each unit has separate water heaters. The subject is located with close proximity to the Metro Station at Hollywood and Western. This qualifies the property for Tier 3 Transit Oriented Community development incentives.This investment presents the perfect opportunity for an investor to acquire a value add opportunity in a core market of Los Angeles adjacent to numerous major developments.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap

Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft: 8,750
HOA Dues: $0/mo
Year built: 1953
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19448306
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 11
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,192
Total Rent: $1,192
Pro Forma/Market Rent: $1,950

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,319
Total Rent: $1,319
Pro Forma/Market Rent: $1,950

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,675
Total Rent: $1,675
Pro Forma/Market Rent: $1,950

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,950

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,183
Total Rent: $1,183
Pro Forma/Market Rent: $1,950

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,621
Total Rent: $1,621
Pro Forma/Market Rent: $1,950

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,750
Pro Forma/Market Rent: $1,950

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,636
Total Rent: $1,636
Pro Forma/Market Rent: $1,950

Unit Breakdown 9

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,367
Total Rent: $1,367
Pro Forma/Market Rent: $1,950

Unit Breakdown 10

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,795
Total Rent: $1,795
Pro Forma/Market Rent: $1,950

Unit Breakdown 11

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,019
Total Rent: $2,019
Pro Forma/Market Rent: $2,300

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.07%
Gross Rent Multiplier: 13.57
Gross Scheduled Income: --
Net Operating Income: $144,483
Gross Operating Income: $210,084
Improvements Total: $305,576

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 5705 Carlton Way

Interior Features

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage

Lot Information

Lot Features: Sprinklers None

Property Information

Total # of Units: 11
Parcel Number: 5586035011

Homeowners Association, Utilities, Taxes / Assessments

Assessment Information

No Assessments
Assessments: None

Location / Neighborhood

Location Information

Directions: Situated just east of the 101 Freeway, and south of Hollywood Boulevard, the property is well-positioned in the heart of Hollywood.

View more facts & features

Local Los Angeles Agent

Sale History for 5705 Carlton Way

Last sold for $2,850,000 on June 14th, 2019

June, 2019
Jun 17, 2019

Date

Sold

CRMLS: 19448306

$2,850,000

Price
Apr 29, 2019

Date

Active Under Contract

CRMLS: 19448306

$2,850,000

Price
Apr 25, 2019

Date

Price Change

CRMLS: 19448306

$2,850,000

Price
Apr 11, 2019

Date

Price Change

CRMLS: 19448306

$2,950,000

Price
Mar 27, 2019

Date

Active

CRMLS: 19448306

$3,100,000

Price
June, 2019
Jun 14, 2019

Date

Sold (Public Records)

Public Records

$2,850,000

Price
July, 2007
Jul 18, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 5705 Carlton Way

Assessed Value (2020): $2,907,170

Year	Land Value	Improved Value	Assessed Value
2020	$2,040,000	$867,170	$2,907,170

Home Value Compared to the Market

This property vs the competition

5705 Carlton Way sold on June 14, 2019 for 154.46% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $331.78 per/sqft which puts the price per square foot 54.17% lower than the current median sale per square foot for the city of Los Angeles.

About 5705 Carlton Way

Detailed summary of property

5705 Carlton Way is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 12 bedrooms, 11 bathrooms, roughly 8,590 living square feet, and sits on an approximately 8,750 square foot lot. 5705 Carlton Way was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,850,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 154.46% higher than the current median priced home. Local homes that are currently for sale include 4906 Rosewood Ave, 401 N Van Ness Ave and 4727 Oakwood Ave. While the average home in Los Angeles, CA is selling in 106 days, 5705 Carlton Way has a days on market of 34 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5705 Carlton Way Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5705 Carlton Way

Public county record property details

Beds: 12
Baths: 11
Year built: 1953
Sq. Ft.: 8,590
Lot Size: 8,749
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12
APN: 5586-035-011

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,099,000

Median List Price/Sq.Ft.

$695

Median Sold Price

$1,015,000

Median Sold Price/Sq.Ft.

$728

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.