5263 Cartwright Avenue
North Hollywood, CA, 91601
$3,150,000
Beds
0 Baths
SqFt
0.18 Acres
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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 6.05% cap rate—an exceptional return for such a rare, blue-chip location.

Listed at just $3,150,000, 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.

Property Details

Price:
$3,150,000
MLS #:
BB25064254
Status:
Active
Baths:
0
Address:
5263 Cartwright Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Mar 25, 2025
State:
CA
ZIP:
91601
Lot Size:
7,892 sqft / 0.18 acres (approx)
Year Built:
2025
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Interior

Accessibility Features
None
Appliances
Dishwasher, Electric Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator
Cooling
Central Air
Fireplace Features
None
Heating
Central
Interior Features
Open Floorplan, Recessed Lighting
Window Features
Double Pane Windows

Exterior

Community Features
Sidewalks, Street Lights
Electric
Standard
Exterior Features
Lighting
Garage Spaces
2.00
Lot Features
Landscaped
Parking Features
Carport, Paved, Garage, Uncovered
Parking Spots
10.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
4
View
City Lights, Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Taxes
$37,781
Tenant Pays
All Utilities

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Community

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5263 Cartwright Avenue
North Hollywood, CA