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5319 Cartwright Ave 9 Unit Apartment Building $3,600,000 ($400,000/Unit) 3.50% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- NO RSO
- Lots of Natural Light
- Built in 1987
- Excellent Location with ample parking
- Laundry on site
EXECUTIVE SUMMARY
**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.
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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $400,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,987 SF |
| Cap Rate | 3.50% | Average Occupancy | 97% |
| Gross Rent Multiplier | 17.44 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 2.15/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4-1 - High rise residential zone | ||
| Price | $3,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| Gross Rent Multiplier | 17.44 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,987 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2.15/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-1 - High rise residential zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+2 | 4 | - | - |
| 3+3 | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 2416-026-018 | Total Assessment | $1,034,095 |
| Land Assessment | $206,813 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $827,282 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2416-026-018
Land Assessment
$206,813
Improvements Assessment
$827,282
Total Assessment
$1,034,095
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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5319 Cartwright Ave
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