5263 Cartwright Avenue, North Hollywood, CA 91601

Property Description

5263 Cartwright Ave is a brand-new, luxury fourplex plus adu 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 6.41% 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.