5648 Cartwright Ave - Apartments FOR SALE
North Hollywood, CA 91601 |
$2,895,000 USD
213-302-8662
5648 Cartwright Ave
North Hollywood, CA 91601
HIGHLIGHTS
- NO RENT CONTROL!
- Projected cap rates of 8.77% with a master lease or 5.58% with standard tenants, providing strong cash flow potential in a highly desirable market.
- With massive roof decks, highly elevated finishes, and private yards, this property exists on an orbit beyond other new construction builds!
- Owner-Occupier’s Dream: Live in absolute luxury in one of the massive townhomes while tenants help contribute to your mortgage.
- Neighboring 5650 Cartwright Ave, a mirror-image property, is also available, offering the rare opportunity to acquire 8 units.
- Each unit features expansive private rooftop yards with turf and 360-degree views, a feature that drives up tenant demand significantly.
FOR SALE DETAILS
PRICE
$2,895,000 USD
PRICE/SF
$523 USD /SF
# OF UNITS
4
PRICE/UNIT
$723,750
CAP RATE
5.58%
% LEASED
0%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
High-End, 2025 Construction Units in NoHo
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2025
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
5,915 SF
ZONING
LAR2
APN/PARCEL ID
2415-022-028
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
213-302-8662
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
213-302-8662
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
