CA > North Hollywood
North Hollywood, CA 91601,5263 Cartwright Avenue
North Hollywood, CA 91601,5263 Cartwright Avenue
North Hollywood, CA 91601,5263 Cartwright Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Cheyenne N. Womack • Myunits.com Inc.
$2,999,000
Est. payment /mo
7,892 SqFt
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UPDATED:

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 $380

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 6.41% cap rate--an 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 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

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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