5731-35 Carlton Way Los Angeles, CA OFFERING MEMORANDUM EXCLUSIVELY LISTED BY KYLE MIRRAFATI SENIOR ASSOCIATE - MULTIFAMILY Direct +1.310.295.4269 Mobile +1.949.533.4650
[email protected] License No. 01911204 LUC WHITLOCK ASSOCIATE - MULTIFAMILY Direct +1.310.844.9371 Mobile +1.310.872.8004
[email protected] License No. 02070426 2 MATTHEWS REAL ESTATE 5731-35 Carlton Way Los Angeles, CA TABLE OF CONTENTS 04 PROPERTY OVERVIEW 06 AREA OVERVIEW 10 FINANCIAL OVERVIEW LOS ANGELES, CA 3 OPPORTUNITY PROPERTY OVERVIEW • Great Location Inside Hollywood’s Studio District • Over 40% Rental Upside Potential • A Walk Score of 86 – Most Errands can be Accomplished on Foot • Large Lot with LAR4 Zoning – Can Build up to 21 Units (By Right) • High Density Rental Market with Strong Demographics Centrally Located in Hollywood’s Studio District DESCRIPTION • 10 Bungalow Units, Built in 1923 • Unit Mix: (10) – 1Bed/1Bath • Secured Entry into a Courtyard Style Building Over 40% Rental Upside • Individually Metered for Gas & Electric Potential • 5 Surface Parking Spaces Located at the Back • No Soft Story Requirements • Well Maintained Building with Several Units Remodeled • Centrally Located Along the 101 Freeway – Accessing the Entire LA Area 5 Surface Parking Spaces • Walking Distance from Restaurants, Groceries, Bars, and other Leisure Activities • Property Sits on a Nice Wide Cul-de-Sac Street • Good Transit – Many Nearby Public Transportation Options • 3,458 Rentable SqFt on a Large 8,750 SqFt Lot with LAR4 Zoning 4 MATTHEWS REAL ESTATE LOS ANGELES, CA 5 AREA OVERVIEW LOS ANGELES, CA As the second largest metropolitan area in the United States, the Los Angeles Metropolitan Statistical Area, or the Southland, consists of both Los Angeles and Orange Counties.