5263 Cartwright Avenue Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,892 sqft
Price per Sqft $399
MLS Listing ID BB-25064254
Style Modern
Year Built 2025
Lot Size 6,758 Sqft
Property Sub-Type Apartment
Property Description
5263 Cartwright Ave is a brand-new, luxury 5-unit in the coveted Toluca Woods enclave--an 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. It's located in a designated Opportunity Zone and delivers a projected 6.05% cap rate--an exceptional return for such a rare, blue-chip location. Listed at just $3,150,000, 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 brunch--this 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 builder's warranty provides peace of mind. Plus, with 8 parking spots and 2 bonus spaces, it checks every box for a premium rental. Don't miss the chance to own a high-yield, low-maintenance asset in one of LA's most charming and in-demand neighborhoods.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Interior Features Open Floorplan,Recessed Lighting
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Dryer Included,Electric Dryer Hookup,Inside,Washer Hookup,Washer Included
Exterior
Exterior Feature Lighting
Parking Features Garage,Paved,Uncovered,Carport
Garage Spaces 2.0
Pool None
Community Features Sidewalks,Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer