5263 Cartwright AVE North Hollywood, CA 91601
UPDATED:
Key Details
Sold Price $2,900,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB25064254
Year Built 2025
Annual Tax Amount $37,781
Property Sub-Type Apartment
Property Description
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
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Exterior Feature Lighting
Parking Features Carport, Garage, Paved, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View City Lights, Neighborhood
Building
Lot Description Landscaped
Story 4
Sewer Public Sewer
Water Public
New Construction Yes
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Bought with Cheyenne Womack Myunits.com Inc.
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