5263 Cartwright Ave, North Hollywood
Brand-New Fourplex + ADU in NoHo | Opportunity Zone
A brand-new, luxury 5-unit multi-family gem in NoHo’s Opportunity Zone! This stunning 4-story, NON-RENT CONTROLLED property offers spacious, high-end units with expansive decks and breathtaking views. With a projected 6.05% cap rate and $249,600 in annual rental income, this is a rare find. Tenants cover utilities, and a 1-year builder’s warranty ensures peace of mind. Priced to sell at $3,150,000—don’t miss out!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,150,000
5-Unit
For Sale
5
2025
6.05%
12.62
$249,600/Year (Pro Forma)
6,758 sqft
7,892 sqft
$399.14
$630,000
1 x 4b/3.5b, 3 x 3b/2.5b, 1 x 1b/1b
Yes
1 Garage, 2 Carport, 5 Exterior, 2 Bonus Spots
No
Other Features:
Private Washers/Dryers for Each Unit, Opportunity Zone
The Highlights
NO RENT CONTROL
Outstanding projected cap rate of 6.05%!
OPPORTUNITY ZONE! Major tax benefit (consult CPA).
Located in ultra trendy and highly sought after NoHo- A major draw for A+ tenants!
Each building is 4 stories- an incredibly rare feature. With superior views, floorplans, and curb appeal, this will be a top choice for renters.
One of the best priced 5-unit new constructions in the NoHo area.
Boasts sleek modern finishes and convenient in-unit laundry.
Ideal unit mix of one 4 bedroom, three 3 bedrooms and one 1 bedroom!
High income producing property!
Tenants pay all utilities, making for minimal expenses.
Dream 1031 exchange opportunity. Low maintenance and high return.
Short drive to countless trendy restaurants, shops and entertainment including Amp Coffee LA, Granville & Warner Bros Studios!
An impressive walk score of 85, you'll find a vibrant mix of dining, entertainment, and local hotspots just steps away!
One mile from Magnolia Park, Burbank.
The Neighborhood
<15-Minute Walk
The Magnolia Grille, NoBAR, Lawless Brewing Co., Ralphs, Tamashii Ramen House, Amsterdam Café, Amazing Thai Cuisine, Blazing Hot Chicken, Tequilas Burbank, The Road Theatre Company, Idle Hour
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Porto’s Bakery & Cafe, Laemmle NoHo7, North Hollywood Park, The Good Nite
<$15 Uber Ride
Disney Studios, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, Granville, City Kitchen, Target, Tiki No, Humble Bird, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen
Contact
Cheyenne Womack
805.973.7470
Property Presented By:
