5263 Cartwright Avenue, North Hollywood, CA 91601

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$2,999,000

Est. payment - /mo

13 Beds

13 Baths

6,758 Sqft Lot

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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

HOA Y/N No

Lot Size 6,758 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

5263 Cartwright Ave is a brand-new, luxury 5-unit 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.
5263 Cartwright Ave is a brand-new, luxury 5-unit 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

Area North Hollywood (91601)

Zoning Builder

Interior

Cooling Central Forced Air

Building

Lot Description Sidewalks

Story 4

Lot Size Range 4000-7499 SF

Level or Stories 3 Story

Others

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Listed by Cheyenne Womack • Myunits.com Inc.

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

5263 Cartwright Avenue North Hollywood, CA 91601

Sheila Dadashzadeh

Key Details

Location

Interior

Building

Others

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