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$5,080,000
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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.
Full Property Details
Full Property Details for 5427 Carlton Way
General
- Sold For: $5,080,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25553221
- Added to Site: 215 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 22
Bedrooms
- Total Bedrooms: 20
Other Rooms
- Laundry: Community
Additional Information
- Pool: Yes
- Pool Description: Community
- Spa Description: None
- Security/Safety: Automatic Gate, Gated, Card/Code Access, Carbon Monoxide Detector(s)
- Other Features: None
Parking
- Covered Spaces: 6
- Garage Description: Covered Parking
Location
- Area: Hollywood
- County: Los Angeles
- Driving Directions: --
- Direction Faces: South
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Wall Electric
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 15,320
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1957
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled
Unit Information
- Units in Complex: 22
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Property View: Courtyard
- Lot Size (Acres): 0.3941
- Lot Size: 17165
- Lot Size Source: Vendor Enhanced
- Zoning: LAR4
Financial Considerations
- Price Per Sq. Ft.: $359.01
- Assessment Year: 1957
- Owner Pays: Water
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5544-021-007
Listed and Sold by JNM Realty, INC., Demis Dokhanian
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Schools
Schools serving 5427 Carlton Way
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Grant Elementary School, Los Angeles, CA 1530 Wilton Place, Los Angeles, CA 90028 | K-6 | 0.3 mi |
Joseph Le Conte Middle School 1316 N. Bronson Ave., Los Angeles, CA 90028 | 6-8 | 0.7 mi |
Hollywood Senior High School 1521 Highland Avenue, Los Angeles, CA 90028 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5427 Carlton Way
Date
Details
Price
Change
Source
12/30/2025
Sold
$5,080,000
-7.64%
MLS
10/22/2025
Price Reduced
$5,500,000
-5.17%
MLS
7/21/2025
Price Reduced
$5,800,000
-7.2%
MLS
6/17/2025
Listed
$6,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5427 Carlton Way, Los Angeles, CA 90027 (MLS# 25553221) is a Multi-Family property that was sold at $5,080,000 on December 30, 2025. Want to learn more about 5427 Carlton Way? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

