5263 Cartwright Avenue, North Hollywood, CA 91601

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,999,000

Est. payment - /mo

13 Beds

13 Baths

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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

Property Sub-Type Res Income 2-4 Units

Property Description

5263 Cartwright Ave is a brand-new, luxury fourplex plus adu 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

Zoning Builder

Direction Exit the 170 at Magnolia, head west, then turn right on Cartwright5263 is tucked in coveted Toluca Woods, near Warner Bros. Stud

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 4

Level or Stories 4

Others

Tax ID 2416026014

Virtual Tour https://www.myunits.com/buy/5623cartwright

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Listed by Cheyenne Womack Myunits.com Inc.

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

5263 Cartwright Avenue North Hollywood, CA 91601

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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