5947 Carlton Way is a turnkey 13-unit multifamily asset ideally positioned in the heart of Hollywood—one of Los Angeles&#39' most sought-after rental markets. Built in 1960 and situated on a 9,157 SF lot zoned LA-R4, this well-maintained 2-story property features a desirable and diverse unit mix: (2) studios, (8) one-bed/one-bath units, and (3) two-bed/one+half-bath units. This balanced layout attracts a wide range of tenants and supports consistent occupancy.
A standout feature in this dense urban market is the 14 gated underground parking spaces, offering convenience and added value rarely found in similar properties. Residents also benefit from on-site amenities including a coin-operated laundry room, private balconies, and an intercom and camera system for enhanced security.
Recent capital improvements—including fresh exterior paint, new dual-pane windows throughout, and replaced plumbing—reduce deferred maintenance and position the property for strong long-term performance.
Located steps from Carlton Way Park and in close proximity to major Hollywood developments, employers, and landmarks, 5947 Carlton Way presents investors with a rare opportunity to acquire a stabilized, low-maintenance asset with immediate cash flow in a high-demand rental corridor. This is part of the Hollywood Collection offering and can be purchasedindividually or together with 5923 Carlton Way &#38' 1545 Gordon St.