5555 CARLTON WAY

LOS ANGELES, CA, 90028

$7,600,000

$580 per ft²
$7,600,000
$580 per ft²
Active
Active
 - For Sale
beds
22 Beds
baths
27 Baths
carpenters-square
13,088 ft²
property_type
Multi-family
calendar
Built 1967
Located within a neighborhood that has experienced an influx of capital from both institutional multifamily investors and large movie studios, local rents have steadily risen, which may allow a new owner to improve income at the property. While similar buildings in the area have sold for more than $325,000 per unit, 5555 Carlton Way is available for only $292,308 per unit. The large corner lot totals 17,618 square feet and is zoned LAR4 with a Tier 4 TOC designation (Buyer to verify), which could allow future development potential. Tenants in this property benefit from its close proximity to the long-awaited Hollywood Target store, which opened in late-2020, as well as several shops and restaurants along Hollywood Boulevard, Sunset Boulevard, and Western Avenue. The Hollywood/Western Metro station is just one block away, while Ralphs and Walgreens are within walking distance as well. A trend of studio space expansion has dramatically improved the local neighborhood, including a joint-venture between The Blackstone Group and Hudson Pacific Partners to redevelop and expand the nearby Sunset Bronson Studios and Sunset Gower Studios. Netflix recently leased out nearly the entire 14-story ICON office tower at the corner of Sunset Boulevard and Van Ness Avenue, just one half-mile from the property.
MLS® ID:
22-178115
Listed:
7/11/22
Updated:
9/29/22

Interior Features

Total Bedrooms
22
Total Bathrooms
27
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
0.4 acres lot

Other Property Details

Garage
No
Parking
Assigned, Carport
Parking Total
24.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR4

 

Courtesy of Roderick ''Rick'' Raymundo, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/29/22

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