6046 Carlton Way - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$1,500,000 USD
818-380-5294
6046 Carlton Way, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/17
null | 2.94% Cap Rate

6046 Carlton Way
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Excellent location near Hollywood Blvd & Gower St
  • Two (2) 2+1 units and one (1) 1+1 unit with each averaging just over 1,000 SF
  • Two (2) units VACANT!
  • Zoned LAR4 with development capacity of up to 16 units by-right, buyer to verify
  • Up to 28 units possible with TOC Tier 3 incentives, buyer to verify
  • Rated a “Walker’s Paradise” with a Walk Score of 90

OVERVIEW

6046 Carlton Way is a charming three-unit building located in the heart of Hollywood! Built in 1910, the property consists of approximately 3,016 sf on a 6,750 sf LAR4-zoned lot. The unit mix features two (2) two-bed/one-bath units and one (1) one-bed/one-bath unit, with each unit offering generous layouts of just over 1,000 sf on average. The property is zoned LAR4, allowing for the development of up to 16 units by-right, with the potential to increase density to 28 units under TOC Tier 3 incentives (buyer to verify). Two (2) units VACANT! Situated near Hollywood Blvd and Gower St, the property benefits from an irreplaceable central Hollywood location with exceptional walkability. Rated a “Walker’s Paradise” with a Walk Score of 90, residents enjoy close proximity to major entertainment studios, creative office campuses, dining destinations, nightlife, boutique retail, and everyday conveniences. Major local employment opportunities include The Lot, Netflix, Paramount Studios, and office employment in Century City, Wilshire District and Downtown Los Angeles.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

3

PRICE/UNIT

$500,000

CAP RATE

2.94%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6046 Carlton Way, Los Angeles, CA 90028

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,947 SF

ZONING

LAR4

APN/PARCEL ID

5545-007-004

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.