Description

Unique value-add investment opportunity. 5819 Carlton Way is an 8-unit midcentury style multifamily property in Hollywood. Views of the Hollywood sign and Griffith Observatory. The unit mix consists of eight (8) one bedroom - one bath units. 7-of-8 units are currently vacant. The units are individually metered; Gas, water and electric, with a bonus meter (9th) for the Landlord. Tenants pay all utilities. 9 uncovered parking spaces. Built in 1955, the property was renovated in 2012 - including copper plumbing, electric and gas line. The roof was replaced in 2020. Ideally located 2 blocks North of Sunset Blvd. & 2 blocks South of Hollywood Blvd. 4 blocks from Netflix and Bronson Studios. The area has a walking score of 83. This property is situated on a 7,577 SQ.FT. lot with LAR4 zoning on a TOC Tier 3 site ; 17 units by right and an additional 31-32 units with the Tier 3 bonus. All permits and codes are up to date. This is a unique value-add and/or development opportunity.

Features

• 0.17 Acres
• 2 Stories