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5648 Cartwright Ave
North Hollywood, CA 91601
High-End, 2025 Construction Units in NoHo · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- NO RENT CONTROL!
- With massive roof decks, highly elevated finishes, and private yards, this property exists on an orbit beyond other new construction builds!
- Neighboring 5650 Cartwright Ave, a mirror-image property, is also available, offering the rare opportunity to acquire 8 units.
- 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.
- Owner-Occupier’s Dream: Live in absolute luxury in one of the massive townhomes while tenants help contribute to your mortgage.
- Each unit features expansive private rooftop yards with turf and 360-degree views, a feature that drives up tenant demand significantly.
PROPERTY FACTS Under Contract
| Price Per Unit | $723,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.58% | Building Size | 5,538 SF |
| Gross Rent Multiplier | 13.55 | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR2 - Restricted Density Multiple | ||
| Price Per Unit | $723,750 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 13.55 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 5,538 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | LAR2 - Restricted Density Multiple |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Range
- Tub/Shower
- Deck
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 1 | $5,500 | 1,847 |
| 4+4 | 1 | $5,500 | 1,831 |
| 1+1 | 1 | $2,300 | 500 |
| 3+3 | 1 | $4,500 | 1,360 |
PROPERTY TAXES
| Parcel Number | 2415-022-028 | Improvements Assessment | $0 |
| Land Assessment | $863,532 | Total Assessment | $863,532 |
PROPERTY TAXES
Parcel Number
2415-022-028
Land Assessment
$863,532
Improvements Assessment
$0
Total Assessment
$863,532
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