One Unit Recently Moving Out! 5923 Carlton Way presents a well-located 12-unit multifamily asset in the highly desirable Hollywood submarket—an area known for strong tenant demand, limited inventory, and proximity to world-renowned landmarks and new developments.
Built in 1961, the two-story property offers approximately 9,248 square feet of rentable space on an 8,325 SF lot zoned LA-R4. The unit mix includes (8) one-bed/one-bath &' (4) two-bed/two-bath units, appealing to a wide renter demographic.
The property features 14 covered carport parking spaces—an increasingly rare amenity in this high-density neighborhood. These parking spaces also offer a significant value-add opportunity, with potential for conversion into ADUs for additional income.
Recent capital improvements include a completed soft-story seismic retrofit, ensuring structural compliance and reducing future capital expenditure. Additional amenities include a coin-operated laundry room, rooftop access, and scenic views of the Hollywood Sign. The property sits directly adjacent to the tranquil Carlton Way Park and is within close proximity to major Hollywood landmarks, developments, and entertainment hubs.
5923 Carlton Way represents a rare opportunity to acquire a stabilized with both in-place cash flow and upside potential in one of Los Angeles’ most dynamic rental markets.
Built in 1961, the two-story property offers approximately 9,248 square feet of rentable space on an 8,325 SF lot zoned LA-R4. The unit mix includes (8) one-bed/one-bath &' (4) two-bed/two-bath units, appealing to a wide renter demographic.
The property features 14 covered carport parking spaces—an increasingly rare amenity in this high-density neighborhood. These parking spaces also offer a significant value-add opportunity, with potential for conversion into ADUs for additional income.
Recent capital improvements include a completed soft-story seismic retrofit, ensuring structural compliance and reducing future capital expenditure. Additional amenities include a coin-operated laundry room, rooftop access, and scenic views of the Hollywood Sign. The property sits directly adjacent to the tranquil Carlton Way Park and is within close proximity to major Hollywood landmarks, developments, and entertainment hubs.
5923 Carlton Way represents a rare opportunity to acquire a stabilized with both in-place cash flow and upside potential in one of Los Angeles’ most dynamic rental markets.
Property Details
Price:
$2,900,000
MLS #:
OC25129260
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c20hollywood
Listed Date:
Jun 11, 2025
Lot Size:
8,376 sqft / 0.19 acres (approx)
Year Built:
1961
See this Listing
Schools
Interior
Appliances
Disposal, Gas Range, Microwave, Range Hood, Water Heater
Cooling
Wall/Window Unit(s)
Flooring
Carpet, Laminate, Tile
Heating
Wall Furnace
Laundry Features
Gas Dryer Hookup, Individual Room, Washer Hookup
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Construction Materials
Stucco
Parking Features
Carport
Parking Spots
14.00
Roof
Flat
Security Features
Fire Sprinkler System, Smoke Detector(s)
Financial
Map
Community
- Address5923 Carlton Way Los Angeles CA
- NeighborhoodC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90028
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- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
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- Ela Hills Tr
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- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Metropolis Prop
- Metropolis Tower 1
- Mid-City Heights
- Montecito Heights
- MountainGate Country Club / The Ridge
- Mulholland Corridor
- Nelavida
- Not Applicable – 1007242
- Not Applicable-105
- Other – 0011
- OTHR
- Pickford 4
- Rampart Heights
- Sunset Terrace
- Tapestry
- The Los Feliz Oaks Neighborhood
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- TRACT #8330 LOT 59
- Tract No 3643 / Hollywood Hills East
- TRACT NO. 9741
- University Heights
- W Hollywood Residences
- West Adams
- West Hollywood West
- Wisendanger\’s Prospect Park Addition
Market Summary
Current real estate data for Residential Income in Los Angeles as of Oct 23, 2025
1,650
Residential Income Listed
212
Avg DOM
$1,943,637
Avg List Price
Property Summary
- 5923 Carlton Way Los Angeles CA is a Residential Income for sale in Los Angeles, CA, 90028. It is listed for $2,900,000
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