5643 Carlton Way

    Los Angeles (City), CA 90028
    • $7,995,000
    • STATUS: Active Under Contract
    • ON SITE: 199 days
    • ID#: 18337512
    Under Contract
    UPDATED: 45 min ago
    $7,995,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,651
      SQFT
    • $369
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Originally built in 1965, current ownership has extensively renovated 9 of the 24 units at the property including adding ventless washer and dryer in units, stainless steel appliances, new cabinet faces, luxury plank flooring, quartzite countertops, new ceiling fans, and upgraded lighting and plumbing fixtures and is achieving $800-$850 premiums over the average in place rents on unrenovated units. Additionally, the common areas have been improved with exterior wood cladding fa++G+G+-ade accents, landscaping upgrades, new courtyard tile, full property re-paint, and expanded electrical capacity thereby allowing investors to focus on revenue generating interior enhancements moving forward.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T21:31:24.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82967077

    5643 Carlton Way Los Angeles (City), CA 90028

    • Price: $7,995,000
    • Status: Active Under Contract
    • Updated: 45 min ago
    • ID#: 18337512
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    21,651
    SQFT
    $369
    $/SQFT
    1965
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Originally built in 1965, current ownership has extensively renovated 9 of the 24 units at the property including adding ventless washer and dryer in units, stainless steel appliances, new cabinet faces, luxury plank flooring, quartzite countertops, new ceiling fans, and upgraded lighting and plumbing fixtures and is achieving $800-$850 premiums over the average in place rents on unrenovated units. Additionally, the common areas have been improved with exterior wood cladding fa++G+G+-ade accents, landscaping upgrades, new courtyard tile, full property re-paint, and expanded electrical capacity thereby allowing investors to focus on revenue generating interior enhancements moving forward.
    Exterior Features

    Lot Size Units Square Feet Parking Features Carport AttachedCovered Parking Parking YN Yes

    Interior Features

    Appliances Garbage DisposalRefrigeratorFreezerDishwasher Appliances YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 3.74 Gross Multiplier 15.93 Gross Operating Income 498097.00 Laundry YN Yes Net Operating Income 298990.00 Special Listing Conditions Standard Total Expenses 199107.00 Zoning Lar4

    Listing provided courtesy of Steven Goldstein of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T21:31:24.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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