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5535 Carlton Way Los Angeles, CA 90028
26,403 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 26,403 sqft
Price per Sqft $332
MLS Listing ID CL25604529
HOA Y/N No
Year Built 1965
Lot Size 0.395 Acres
Acres 0.39
Property Sub-Type Comm Ind For Sale
Property Description
CALL FOR OFFERS | ALL OFFERS DUE OCTOBER 30, 2025 | Please Contact Listing Team for a Property Tour Kidder Mathews, as exclusive agent, is pleased to present The Carlton Apartments, a 36-unit modernized apartment community in the heart of Hollywood's studio district. The Carlton Apartments is a substantially renovated 36-unit apartment community consisting of 1 studio, 32 spacious One Bedroom/One Bath units, and 3 Two Bedroom/One Bath units. The property features an updated facade, refreshed common areas, large private gym, and furnished back patio delivering exceptional curb appeal and an elevated living experience. Residents also benefit from contemporary interior upgrades in select units, a beautifully landscaped central courtyard, and abundant 34 parking spaces in a gated subterranean garage with elevator access to all floors. The property presents the opportunity to acquire a prominently located and renovated Hollywood asset, with an attractive going-in cap rate of 6.53% and a low GRM of 9.61.There remains notable upside approximately 16% in rental income achievable through strategic unit turnover and renovation. Hollywood has undergone a major development boom in recent years, bringing new energy and investment to the neighborhood. While this surge initially pressured rents
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Interior Features Elevator
Heating Wall Furnace
Fireplace No
Exterior
Utilities Available Other
Total Parking Spaces 34
Building
New Construction No
Others
Tax ID 5544025028
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Darin Beebower • Kidder Mathews of California, Inc.
