5826 Carlton Way, Los Angeles, CA 90028
Local realty services provided by:ERA Excel Realty



5826 Carlton Way,Los Angeles, CA 90028
$8,550,000
- - Beds
- - Baths
- 20,700 sq. ft.
- Multi-family
- Active
Listed by:shaya braverman
Office:keller williams beverly hills
MLS#:25541819
Source:CRMLS
Price summary
- Price:$8,550,000
- Price per sq. ft.:$413.04
About this home
5826 Carlton Way presents a rare opportunity to acquire a historically significant multifamily asset in the heart of Hollywood. Built in 1924 by Paramount Pictures to house its actors during the Golden Age of cinema, this character-rich property known today as Carlton Canyon Apartments offers a blend of classic architecture and modern living amenities. Offered as a portfolio sale at $8,550,000, the package includes the 36-unit + 2 ADU's apartment building priced at $7,750,000, and a separately parceled 4,468 SF parking lot across the street listed at $800,000. Zoned Q R4-1VL, Tier 3 TOC, the lot presents a compelling development opportunity. While a high-density build of ~20 units is feasible, a more straightforward approach could be a 3-story multifamily structure with fewer units. The two parcels are described under separate APNs with no covenant tying them together, allowing a buyer to sell them individually if desired. Some tenants have parking as a lease provision, while others hold it under addenda, creating flexibility for future parking income or redevelopment plans. The building is operating at a 3.76% cap rate based on current income, with a market upside to 7.28%. and a low $225K per door. The unit mix consists of 1 bachelor, 35 studios, and 2 newly built ADUs. Approximately 25 units have been remodeled, 75% of tenants are on RUBS, and the property features new copper wiring, sporadic copper plumbing, and landlord-owned basement laundry for additional income.
Contact an agent
Home facts
- Year built:1924
- Listing Id #:25541819
- Added:89 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Living area:20,700 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1924
- Building area:20,700 sq. ft.
- Lot area:0.38 Acres
Finances and disclosures
- Price:$8,550,000
- Price per sq. ft.:$413.04
New listings near 5826 Carlton Way
- New$600,000Active2 beds 1 baths936 sq. ft.
1016 Grande Vista Avenue, Los Angeles, CA 90023
MLS# DW25186281Listed by: CENTURY 21 ALLSTARS - New$599,999Active3 beds 2 baths735 sq. ft.
10517 Normandie Ave., Los Angeles, CA 90044
MLS# PTP2506293Listed by: REAL BROKER - Open Fri, 9am to 12pmNew$719,999Active4 beds 2 baths1,289 sq. ft.
633 E 73rd St, Los Angeles, CA 90001
MLS# PW25186226Listed by: INC REAL ESTATE - Open Tue, 11am to 2pmNew$3,450,000Active4 beds 5 baths3,216 sq. ft.
4205 Agnes Avenue, Studio City, CA 91604
MLS# SR25177768Listed by: THE AGENCY - Open Tue, 11am to 2pmNew$1,949,000Active3 beds 3 baths2,669 sq. ft.
3400 Alana Drive, Sherman Oaks, CA 91403
MLS# SR25185919Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New$949,000Active4 beds 2 baths2,000 sq. ft.
10134 Nevada Avenue, Chatsworth, CA 91311
MLS# SR25186167Listed by: RODEO REALTY - New$999,888Active3 beds 1 baths560 sq. ft.
4847 Marmion Way, Los Angeles, CA 90042
MLS# CV25186058Listed by: GOOD LIFE REALTORS - New$1,695,000Active2 beds 3 baths1,626 sq. ft.
15425 Antioch Street #201, Pacific Palisades, CA 90272
MLS# 25577855Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New$2,500,000Active5 beds 3 baths3,076 sq. ft.
19673 Valdez Drive, Tarzana, CA 91356
MLS# 25579845Listed by: CAROLWOOD ESTATES - Open Sun, 12 to 3pmNew$489,000Active1 beds 1 baths743 sq. ft.
1745 Camino Palmero Street #435, Los Angeles, CA 90046
MLS# 25580001Listed by: COLDWELL BANKER REALTY