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Listed by Elizabeth Maddox • Myunits.com Inc.
$ 3,050,000
Est. payment /mo
Price Dropped by $100K
5263 Cartwright AVE North Hollywood, CA 91601
6,758 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25064254
Style Contemporary
Originating Board California Regional MLS
Year Built 2025
Lot Size 6,758 Sqft
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 6.29% cap rate-an exceptional return for such a rare, blue-chip location. Listed at just $3,050,000, 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 pr
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Other, Washer, Dryer, 9
Exterior
Parking Features Carport , Garage, Other, Uncovered Parking
Garage Spaces 10.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story Three or More Stories
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 2416026014
Special Listing Condition Not Applicable
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