CA > Los Angeles
Los Angeles, CA 90027,5427 Carlton WAY
Los Angeles, CA 90027,5427 Carlton WAY
Los Angeles, CA 90027,5427 Carlton WAY
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$5,500,000
Est. payment /mo
20 Beds
22 Baths
15,320 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 15,320 sqft

Price per Sqft $359

MLS Listing ID 25553221

Bedrooms 20

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1957

Lot Size 0.394 Acres

Property Description

JNM Realty Inc is proud to present, on an exclusive basis, a 22-unit low-rise apartment complex in the heart of East Hollywood with tremendous in-place cash flow. The asset has been professionally managed and maintained over the past 11 years and presents the opportunity for a new investor to improve the facility and its financial output through extended renovations. Community amenities include a pool, laundry room, and onsite parking. The property has been extremely well-maintained with improvements to the exterior facade and sixteen (16) of twenty-two (22) units fully renovated featuring new flooring, electrical, plumbing, and mini splits. There are (17) onsite parking spaces, non-tandem. A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in a 10.83% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.65% stabilized cap rate and a 17.67% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Fireplace No

Appliance Dryer, Washer

Laundry Common Area

Exterior

Parking Features Covered

Pool Community

Community Features Gated, Pool

View Y/N Yes

View Courtyard

Total Parking Spaces 17

Private Pool No

Building

Faces South

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5544021007

Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Key Card Entry

Acceptable Financing Cash

Listing Terms Cash

Financing Assumed

Special Listing Condition Standard

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CRMLS – RECore
Listed by Demis Dokhanian JNM Realty, INC.
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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