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5942 Carlton Way Los Angeles, CA 90028
$1,395,000 4 beds, 4 baths
3, 030 sqft
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Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Agent Remarks

Exceptional investment opportunity in the heart of Hollywood! Built in 1923, this classic Spanish-style fourplex offers timeless character, immediate rental upside, and strong long-term investment potential. Situated on a low-maintenance corner LAR4-zoned lot, the property features four spacious one-bedroom, one-bathroom units totaling approximately 3,020 square feet (approximately 755 square feet per unit; buyer to verify). Each residence enjoys its own private entrance and is separately metered for gas and electricity, providing efficient property management and reduced owner expenses.A rare feature in today's market, two of the four units will be delivered vacant (upstairs and downstairs on the west side of the building), allowing the next owner to immediately lease at current market rents or select their own tenants. Both vacant units have been freshly painted and are move-in ready, creating an ideal opportunity to increase cash flow from day one. The remaining two units are occupied by long-term tenants, providing stable in-place income while offering future rental upside.The property's low-maintenance design, with no on-site parking or landscaping, helps minimize ongoing operating expenses. Pro forma financials are available upon request, highlighting the property's attractive investment potential and projected returns.Ideally located just minutes from Hollywood Boulevard, Sunset Boulevard, Netflix, Paramount Studios, shopping, restaurants, entertainment, and Metro transit, the property benefits from one of Los Angeles' strongest rental markets with consistently high tenant demand.An outstanding opportunity for investors, 1031 exchange buyers, or those looking to expand their multifamily portfolio with a classic Hollywood asset offering immediate upside, stable income, and exceptional long-term appreciation potential.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26871829
List price is $1,395,000
Beds: 4
Baths: 4
None fireplaces
Built in 1923
3,030 sqft
2 stories
0.07 acres
Lot size: 0.0652
County: Los Angeles
Property style: Spanish
Zoning: LAR4
Interior features: Ceiling Fan(s)
Parking description: None,On Street
Heating description: Wall Furnace
MLS area: C20 - Hollywood

Last Updated: 9/24/2026

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This listing belongs to the C20 - Hollywood MLS area

The style of this listing is Spanish.
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Lat/Long: 34.100297, -118.319442.
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Listing Agent: Gina Isaac
Lic#: 01801928
Office Name: Sherman Oaks

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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