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$ 2,999,000
Est. payment /mo
Pending
5263 Cartwright Avenue North Hollywood, CA 91601
13 Beds
13 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID BB25064254
Bedrooms 13
Property Sub-Type Res Income 2-4 Units
Property Description
5263 Cartwright Ave is a brand-new, luxury fourplex plus adu in the coveted Toluca Woods enclavean ultra-charming pocket of North Hollywood bordering Toluca Lake and Magnolia Park. Surrounded by tree-lined streets, coffee shops, and entertainment studios, this location attracts long-term A+ tenants who value a neighborhood feel with urban convenience. This NON RENT-CONTROLLED, four-story double-duplex + ADU project offers thoughtful layouts with spacious living areas, private decks with incredible views, and top-floor master suites tenants will love. Its located in a designated Opportunity Zone and delivers a projected 6.41% cap ratean exceptional return for such a rare, blue-chip location. Listed at just $2,999,000, the property is poised to generate approx. $249,600 in annual rental income. The unit mix includes one 4-bed, three 3-beds, and a well-designed 1-bed ADU with its own garage. Interiors feature open-concept layouts, large windows, high-end finishes, and stainless-steel appliances. Walk to the NoHo Arts District, bike to Magnolia Park, or head to Toluca Lake Village for brunchthis is one of the most desirable and stable rental pockets in the Valley. Tenants cover the cost of all their utilities, keeping operating expenses minimal, and the 1-year builders warranty provides peace of mind. Plus, with 8 parking spots and 2 bonus spaces, it checks every box for a premium rental. Dont miss the chance to own a high-yield, low-maintenance asset in one of LAs most charming and in-demand neighborhoods.
Location
State CA
County Los Angeles
Zoning Builder
Direction Exit the 170 at Magnolia, head west, then turn right on Cartwright5263 is tucked in coveted Toluca Woods, near Warner Bros. Stud
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Tax ID 2416026014
Virtual Tour https://www.myunits.com/buy/5623cartwright
Listed by Cheyenne Womack Myunits.com Inc.