Request More Info
Schedule a Showing
Share
Print
|
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 Type(s):
Residential Income
| Last Updated | 3/25/2025 | Year Built | 2025 |
|---|---|---|---|
| Community | North Hollywood | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Oven, Gas Range, Microwave, Refrigerator, Washer |
| AREA | North Hollywood |
| EXTERIOR | Lighting |
| GARAGE | Carport, Garage, Paved, Uncovered, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Instant Hot Water, Open Floorplan, Recessed Lighting |
| LOT | 7892 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Carport,Garage,Paved,Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 4 |
| STYLE | Modern |
| TAXES | 37781 |
| UTILITIES | Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Neighborhood |
| WATER | Public |
| ZONING | LAR3 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Myunits.com Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email