CA > North Hollywood
North Hollywood, CA 91601,5319 Cartwright AVE
North Hollywood, CA 91601,5319 Cartwright AVE
North Hollywood, CA 91601,5319 Cartwright AVE
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$3,600,000
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5319 Cartwright AVE North Hollywood, CA 91601

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-23494

HOA Y/N No

Year Built 1987

Annual Tax Amount $13,122

Tax Year 2023

Property Sub-Type Multi Family

Property Description

**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.

Location

State CA

County Other

Area Nho - North Hollywood

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Fence Average Condition

Present Use Multi-Family

Total Parking Spaces 15

Building

Dwelling Type Multi Family

Story 3

Water Public

Others

Tax ID 2416026018

Acceptable Financing Conventional, Submit

Listing Terms Conventional, Submit

Special Listing Condition Standard

CRMLS – RECore
Listed by Jose Maria Chaparro Jenkins Properties

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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