5319 Cartwright Ave - Apartments FOR SALE


North Hollywood, CA 91601
$3,600,000 USD
323-373-6526
5319 Cartwright Ave, North Hollywood, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/50
null | 3.5% Cap Rate

5319 Cartwright Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • NO RSO
  • Excellent Location with ample parking
  • Lots of Natural Light
  • Laundry on site
  • Built in 1987

OVERVIEW

**For Sale: Exceptional 9-Unit Building in North Hollywood – No RSO!** Introducing 5319 Cartwright, a beautifully designed 9-unit building located in the vibrant North Hollywood area. This property offers a fantastic investment opportunity with ample living space and modern amenities, perfect for both current tenants and future residents. This beautiful property was built in 1987 and is not subject to Los Angeles Rent Control (RSO). It is governed by California AB 1482. This provides an investor the option to increase rents up to 5% + CPI, with a cap of 10%. Translation... This is a great Investor-friendly latitude and rent growth potential. **Property Highlights:** - **9 Spacious Units:** Each unit is thoughtfully designed to maximize living space, providing comfort and functionality. - **Central HVAC:** All units are equipped with central heating and air conditioning for year-round comfort. - **Individual Water Heaters:** Each unit features its own water heater, ensuring convenience and efficiency for residents. - **Separate Utilities:** Enjoy separate electrical and gas meters for each unit, simplifying management and billing. - **On-Site Laundry Room:** A dedicated laundry room is available for residents, adding to the convenience of living in this building. Located in a desirable neighborhood, this property is not subject to rent control, making it an ideal investment for maximizing rental income. With its attractive design and functional features, 5319 Cartwright is a fantastic opportunity for savvy investors looking to expand their portfolio in North Hollywood. Don’t miss out on this chance to own a well-maintained building in a thriving area! Contact us today for more information or to schedule a viewing.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$515 USD /SF

# OF UNITS

9

PRICE/UNIT

$400,000

CAP RATE

3.5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

R4-1

APN/PARCEL ID

2416-026-018

ASK ABOUT THIS PROPERTY

323-373-6526

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323-373-6526

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