CA > Los Angeles
Los Angeles, CA 90027,5427 Carlton Way
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Los Angeles, CA 90027,5427 Carlton Way
Los Angeles, CA 90027,5427 Carlton Way
Los Angeles, CA 90027,5427 Carlton Way
Los Angeles, CA 90027,5427 Carlton Way
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Mike Harutunyan

Mike Harutunyan

+1(818) 400-8589
$ 6,250,000
Est. payment /mo
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5427 Carlton Way Los Angeles, CA 90027

20 Beds

22 Baths

15,320 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,320 sqft

Price per Sqft $407

MLS Listing ID 25553221

Bedrooms 20

Construction Status Updated/Remodeled

Year Built 1957

Lot Size 0.394 Acres

Acres 0.3941

Property Sub-Type Multi-Family

Property Description

JNM Realty Inc is proud to present, on an exclusive basis, a 22-unit low-rise apartment complex in the heart of East Hollywood with tremendous in-place cash flow. The asset has been professionally managed and maintained over the past 11 years and presents the opportunity for a new investor to improve the facility and its financial output through extended renovations. Community amenities include a pool, laundry room, and onsite parking. The property has been extremely well-maintained with improvements to the exterior facade and sixteen (16) of twenty-two (22) units fully renovated featuring new flooring, electrical, plumbing, and mini splits. There are (17) onsite parking spaces, non-tandem. A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in an 8.51% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.02% stabilized cap rate and a 13.87% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall Electric

Cooling Air Conditioning

Equipment Washer, Dryer, Intercom

Laundry Community

Exterior

Parking Features Covered Parking

Garage Spaces 17.0

Pool Community

View Y/N Yes

View Courtyard

Building

Story 2

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by JNM Realty, INC.
agent

Mike Harutunyan

Agent | License ID: 01353419

+1(818) 400-8589

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5427 Carlton Way