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.
|
DAYS ON MARKET
|
4
|
LAST UPDATED
|
3/25/2025
|
|
YEAR BUILT
|
2025
|
COMMUNITY
|
North Hollywood
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| 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 |
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Based on information from CRMLS as of 3/29/25 8:49 AM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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