5263 Cartwright Avenue
North Hollywood, CA 91601
- – beds
- – baths
- – sqft
- 7,892 sqft lot
- 2025 build
- – on site
5263 Cartwright Ave is a brand-new, luxury 5-unit in the coveted Toluca Woods enclave—an ultra-charming pocket of North Hollywood bordering Toluca Lake and Magnolia Park. Surrounded by tree-lined streets, coffee shops, and entertainment studios, this location attracts long-term A+ tenants who value a neighborhood feel with urban convenience. This NON RENT-CONTROLLED, four-story double-duplex + ADU project offers thoughtful layouts with spacious living areas, private decks with incredible views, and top-floor master suites tenants will love. It’s located in a designated Opportunity Zone and delivers a projected 6.05% cap rate—an exceptional return for such a rare, blue-chip location. Listed at just $3,150,000, the property is poised to generate approx. $249,600 in annual rental income. The unit mix includes one 4-bed, three 3-beds, and a well-designed 1-bed ADU with its own garage. Interiors feature open-concept layouts, large windows, high-end finishes, and stainless-steel appliances. Walk to the NoHo Arts District, bike to Magnolia Park, or head to Toluca Lake Village for brunch—this is one of the most desirable and stable rental pockets in the Valley. Tenants cover the cost of all their utilities, keeping operating expenses minimal, and the 1-year builder’s warranty provides peace of mind. Plus, with 8 parking spots and 2 bonus spaces, it checks every box for a premium rental. Don’t miss the chance to own a high-yield, low-maintenance asset in one of LA’s most charming and in-demand neighborhoods.
Last checked:
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Last updated Mar 25, 2025
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MLS# BB25064254 —
The Building
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Year Built:2025
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Year Built Source:Builder
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New Construction:Yes
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Building Area Total:6758.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:2
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Architectural Style:Modern
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Exterior Features:Lighting
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Stories Total:4
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Entry Level:1
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Accessibility Features:None
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Common Walls:No Common Walls
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Green Verification:1
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# of Separate Gas Meters:5
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# of Separate Water Meters:6
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# of Separate Electric Meters:6
Interior
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Features:Open Floorplan, Recessed Lighting
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Levels:Three Or More
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Entry Location:Ground level
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Window Features:Double Pane Windows
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Room Type:Kitchen
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Fireplace:No
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Fireplace:None
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Laundry:Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
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Laundry:1
Location
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Directions:Exit the 170 at Magnolia, head west, then turn right on Cartwright—5263 is tucked in coveted Toluca Woods, near Warner Bros. Studios, Toluca Lake Village, and the Chandler Bike Path. A+ tenants love the charm, location, and easy access to it all.
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Latitude:34.16669200
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Longitude:-118.36349900
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LAR3
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Lot Features:Landscaped
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Lot Size Area:7892.0000
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Lot Size Acres:0.1812
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Lot Size SqFt:7892.00
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Lot Size Source:Public Records
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View:1
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View:City Lights, Neighborhood
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Road Frontage:City Street
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Road Surface Type:Paved
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:125...
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Tax Lot:106
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Tax Annual Amount:37781.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2416026014
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Dishwasher, Electric Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator
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Included:Yes
The Community
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Neighborhood:Toluca Woods
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Features:Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Parking
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Parking:Yes
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Parking:Carport, Paved, Garage, Uncovered
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Parking Spaces:10.00
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Garage Spaces:2.00
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Uncovered Spaces:4.00
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Carport Spaces:4.00
Extra Units
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Average 3 Bed Area:1792
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Number With Dishwasher:5
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Number With Refrigerator:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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3/25/25
Mar 25, 2025
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Listed / Active | CRMLS_CA | $3,150,000 | 231.6% (34.9% / YR) |
|
8/6/18
Aug 6, 2018
|
CRMLS_CA | $950,000 | 5.7% | |
|
7/12/18
Jul 12, 2018
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CRMLS_CA | $899,000 |
