12 Units in Hollywood 5923 Carlton Way 12 Unit Apartment Building $2,800,000 ($233,333/Unit) 6% Cap Rate Los Angeles, CA 90028

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 HollywoodSign. The property sits directly adjacent to the tranquil Carlton Way Park and is within close proximity to major Hollywood landmarks, developments, and entertainment hubs. 5923 Carlton Way represents a rare opportunity to acquire a stabilized with both in-place cash flow and upside potential in one of Los Angeles’ most dynamic rental markets. Directly next to Carlton Way Park, New Developments & Landmarks.