Executive Summary

The Neema Group of Marcus & Millichap is pleased to present Onix Hollywood, a newly constructed multifamily investment opportunity totaling 39 units plus an ADU, located at 5717 Carlton Way. Positioned just south of Hollywood Boulevard, the property lies in one of Los Angeles’ most dynamic and desirable rental submarkets — a rare opportunity to acquire a Class A asset in an irreplaceable Hollywood location. 

Completed in 2025, the property spans five residential stories and two levels of parking, and features a total of 39 units and one ADU, with a thoughtfully curated mix of six studios (389–600 SF), twenty-nine one-bedrooms (587–673 SF), and five two-bedrooms (776 SF). Four units are designated as low-income (two studios and two one-bedrooms). Parking amenities include 29 spaces across two levels, along with four EV charging stations capable of servicing multiple vehicles. 

The property is currently vacant and ownership is starting the lease-up process. Please contact agents to inquire about the status of the lease-up. 

Onix Hollywood is situated within a Qualified Opportunity Zone, offering investors potential capital gains tax incentives under the federal Opportunity Zone program — a unique advantage rarely available in a new Class A multifamily development in Hollywood. 

Every apartment features a private balcony, and upper-level units (sixth and seventh floors) enjoy unobstructed views of the Hollywood Sign, Downtown Los Angeles, or Hollywood Hills. Interiors showcase custom-designed cabinetry, modern kitchen and bath fixtures, stainless steel Energy Star appliances, kitchen islands, ButterflyMX smart security system, AT&T Wi-Fi, and in-unit stacked washers and dryers. 

Residents benefit from two expansive outdoor community decks featuring grilling stations and lounge seating — ideal for al fresco dining and social gatherings. Additional amenities include secure bike storage, a designated package receiving area, and modern security systems throughout. 

With a Walk Score of 88, Onix Hollywood offers unrivaled access to top entertainment, tech, and media employers including Netflix, Sunset Gower Studios, and Paramount Pictures, as well as a wide variety of dining, nightlife, and retail along Hollywood Boulevard, Sunset Boulevard, and throughout Los Feliz. The property’s central position provides convenient connectivity to major Los Angeles neighborhoods such as West Hollywood, Beverly Hills, and Century City.