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5263 Cartwright Avenue, North Hollywood, CA 91601

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For Sale

$3,050,000

14 beds • 10 baths • 4 half baths • 7,892 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $386.47
    Price per square foot

  • New Construction
    Age

Explore this Property

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 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.
MLS# BB25064254

Courtesy Of Myunits.com

(818) 859-7242

Property Features

  • Age
    New Construction, New Construction
  • Amenities
    Double Pane Windows
  • Appliances
    Dishwasher, Microwave, Range, Range - Gas, Refrigerator, Washer, Water - Instant Hot
  • Architecture Style
    Modern
  • Rooms
    Kitchen
  • View Type
    City

Map and Directions

Directions to 5263 Cartwright Avenue, North Hollywood, CA 91601

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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