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5915 Carlton Way, Los Angeles, CA 90028
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5915 Carlton Way Los Angeles, CA 90028

$1,925,000 Sold Price as of 12/08/2022
  • 6 Beds
  • 6 Baths
  • 6,159 Sq.Ft.
Sold
$1,925,000 Sold Price as of 12/08/2022 Refinance Your Mortgage
Map preview of 5915 Carlton Way, Los Angeles, CA 90028

Property Overview: 5915 Carlton Way Los Angeles, CA has 6 bedrooms, 6 bathrooms, 6,159 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale this high character six-unit apartment community located at 5915 Carlton Way in the heart of Los Angeles' Hollywood neighborhood. As one of Los Angeles' most densely populated neighborhoods, Hollywood is a highly sought-after submarket due to its vibrant and lively nightlife, trendy retail, and coffee shops within the immediate area. This area has been attracting families, young professionals, and trendsetters alike in recent years. Located south of Hollywood Boulevard, west of the 101 Freeway, and situated on an 8,276 square foot parcel, the property is comprised entirely of one-bedroom and one-bedroom + den units. Two of the units will be delivered vacant. This will be the first time the subject property has been on market in over 40 years. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate vacant units and achieve superior future returns moving forward makes 5915 Carlton Way an excellent acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: December 13th, 2022 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1935
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22194613
City
Los Angeles
County
Los Angeles
Time on Site
625 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,230
  • Total Rent: $1,230
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.47%
  • Gross Rent Multiplier: 13.65
  • Gross Scheduled Income: --
  • Net Operating Income: $89,162
  • Gross Operating Income: $141,775
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5915 Carlton Way

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5545005014
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Hollywood Boulevard, West of the 101 Highway
View more facts & features

Local Los Angeles Agent

Sale History for 5915 Carlton Way

Last sold for $1,925,000 on December 8th, 2022

  • December, 2022

  • Dec 8, 2022

    Date

    Sold

    CRMLS: 22194613

    $1,925,000

    Price

  • Aug 30, 2022

    Date

    Active

    CRMLS: 22194613

    $2,195,000

    Price

  • January, 1999

  • Jan 27, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5915 Carlton Way

Assessed Value (2020): $416,748
Year Land Value Improved Value Assessed Value
2020 $217,971 $198,777 $416,748

Home Value Compared to the Market

This property vs the competition

5915 Carlton Way sold on December 8, 2022 for 67.65% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $323.92 per/sqft which puts the price per square foot 57.1% lower than the current median sale per square foot for the city of Los Angeles.

About 5915 Carlton Way

Detailed summary of property

5915 Carlton Way is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 6,159 living square feet, and sits on an approximately 8,276 square foot lot. 5915 Carlton Way was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $1,925,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 67.65% higher than the current median priced home. Local homes that are currently for sale include 6669 De Longpre Ave, 1414 N Las Palmas Ave and 800 N Hobart Blvd. While the average home in Los Angeles, CA is selling in 92 days, 5915 Carlton Way has a days on market of 79 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5915 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 5915 Carlton Way

Public county record property details
Beds
6
Baths
6
Year built
1935
Sq. Ft.
6,159
Lot Size
8,325
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14,15
APN
5545-005-014

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
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
36
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

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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.

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