CA > North Hollywood
North Hollywood, CA 91601,5263 Cartwright AVE
North Hollywood, CA 91601,5263 Cartwright AVE
North Hollywood, CA 91601,5263 Cartwright AVE
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Cheyenne Womack • Myunits.com Inc.
$2,999,000
Est. payment /mo
6,758 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRBB25064254

Style Contemporary

Year Built 2025

Lot Size 6,758 Sqft

Source California Regional MLS

Property Description

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

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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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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