Description
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 6.29% cap rate—an exceptional return for such a rare, blue-chip location.
listed at just $3,050,000, 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
Residential IncomeCounty
Los AngelesStyle
ModernAD ID
49220569
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Exterior Property Features : Lighting
- Interior Features: Open Floorplan,Recessed Lighting,Instant Hot Water
- Windows: Double Pane Windows
- Property Appliances: Dishwasher,Electric Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer
- Fireplace: None
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 2025
- Building Area Total: 7,892
Exterior Features
- Lighting
Accessibility Features
- None
Pool Features
- None
Laundry Features
- Washer Hookup,Electric Dryer Hookup,Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1551
- Lot Size Source: Public Records
- Lot Size Square Feet: 6758
-
Listing Information
Listing Price Information
- Original List Price: 3,050,000
- Listing Contract Date: 2025-03-25
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 2416026014
- Annual Tax: 37781
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Carport,Garage,Paved,Uncovered
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: All Utilities
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: NHO - North Hollywood
- Directions: Exit the 170 at Magnolia, head west, then turn right on Cartwright—5263 is tucked in coveted Toluca Woods, near Warner Bros. Studios, Toluca Lake Village, and the Chandler Bike Path. A+ tenants love the charm, location, and easy access to it all.
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: NHO - North Hollywood
- Property SubType: Apartment
Building and Construction
- Property Age: 0
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Builder
- Entry Level: 1
- Entry Location: Ground level
- Levels or Stories: Three Or More
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BuyOwner last updated this listing 04/26/2025 @ 16:10
- MLS: BB25064254
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 7,892 sqft, 6,758 sized lot, and 2 parking. are nearby neighborhoods.