CA > Los Angeles
Los Angeles, CA 90028,5826 Carlton Way
Los Angeles, CA 90028,5826 Carlton Way
Los Angeles, CA 90028,5826 Carlton Way
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$8,550,000
Est. payment /mo
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20,700 SqFt
Active

5826 Carlton Way Los Angeles, CA 90028

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Herman Singh

Herman Singh

+1(718) 679-7822

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,700 sqft

Price per Sqft $413

MLS Listing ID 25541819

Year Built 1924

Lot Size 0.384 Acres

Acres 0.2816

Property Sub-Type Multi-Family

Property Description

5826 Carlton Way presents a rare opportunity to acquire a historically significant multifamily asset in the heart of Hollywood. Built in 1924 by Paramount Pictures to house its actors during the Golden Age of cinema, this character-rich property known today as Carlton Canyon Apartments offers a blend of classic architecture and modern living amenities. Offered as a portfolio sale at $8,550,000, the package includes the 36-unit + 2 ADU's apartment building priced at $7,750,000, and a separately parceled 4,468 SF parking lot across the street listed at $800,000. Zoned Q R4-1VL, Tier 3 TOC, the lot presents a compelling development opportunity. While a high-density build of ~20 units is feasible, a more straightforward approach could be a 3-story multifamily structure with fewer units. The two parcels are described under separate APNs with no covenant tying them together, allowing a buyer to sell them individually if desired. Some tenants have parking as a lease provision, while others hold it under addenda, creating flexibility for future parking income or redevelopment plans. The building is operating at a 3.76% cap rate based on current income, with a market upside to 7.28%. and a low $225K per door. The unit mix consists of 1 bachelor, 35 studios, and 2 newly built ADUs. Approximately 25 units have been remodeled, 75% of tenants are on RUBS, and the property features new copper wiring, sporadic copper plumbing, and landlord-owned basement laundry for additional income.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan, Wall Unit(s)

Equipment Ceiling Fan, Elevator, Garbage Disposal, Range/Oven, Refrigerator

Laundry Other

Exterior

Parking Features Uncovered

Garage Spaces 35.0

View Y/N Yes

View Landmark

Building

Story 3

Level or Stories Three Or More

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 Keller Williams Beverly Hills

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Herman Singh

Broker

+1(718) 679-7822

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5826 Carlton Way