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    5312 Cartwright Avenue

    North Hollywood, CA 91601
    • $2,830,000
    • STATUS: Closed
    • ON SITE: 93 days
    • ID#: SR20220426
    Sold - 01/20/2021
    $2,830,000
    SOLD - 01/20/2021
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,475
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    Built in 1991 by the current owners, the subject property has been well maintained and does not fall under the LA City Rent Control Ordinanceonly the statewide AB 1482. The unit mix is comprised of (One)studio, (One) 1-Bedroom/1.5-Bathroom + Loft, (Five) 2-Bedroom/2-Bathroom, and (One) 2-Bedroom/2.5-Bathroom + Loft totalingapproximately 8,475 SF of rental space sitting on approximately6,750 SF of landR3 zoned. Furthermore, four of the units on the top floor offer high ceiling and lots of light. This building has an on-site laundry facility and 14 parking spaces.This well-kept building is very easy to manage and is well-positionedin the south tip of North Hollywood and will offer great appreciationfor a long-term holder. Furthermore, the building is fitted with copperplumbing.The property is located between Vineland Ave & Cahuenga Blvd,situated just south of Chandler Blvd. The site is in walking distanceto plenty of shops, stores, and parks. As well, it sits in an extremelydense rental area. The building has easy access to the 101, 134, and170 Freeways, as well as being a short drive over the mountain tothe west side. This well-maintained investment opportunity will makea great addition to the next investors portfolio, who will also benefitfrom the long-term appreciation growth in a great area!

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    Based on information from CRISNet MLS as of 2021-01-21T16:56:21.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-21T16:56:21.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.bellavistaestates.us/homes/111151388
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    5312 Cartwright Avenue North Hollywood, CA 91601

    • Price: $2,895,000
    • Status: Closed
    • Updated: 77 min ago
    • ID#: SR20220426
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    8,475
    SQFT
    $0
    $/SQFT
    1991
    Built
    Neighborhood:
    Nho - North Hollywood
    County:
    Los Angeles
    Area:
    Nho - North Hollywood
    Property Description
    Built in 1991 by the current owners, the subject property has been well maintained and does not fall under the LA City Rent Control Ordinanceonly the statewide AB 1482. The unit mix is comprised of (One)studio, (One) 1-Bedroom/1.5-Bathroom + Loft, (Five) 2-Bedroom/2-Bathroom, and (One) 2-Bedroom/2.5-Bathroom + Loft totalingapproximately 8,475 SF of rental space sitting on approximately6,750 SF of landR3 zoned. Furthermore, four of the units on the top floor offer high ceiling and lots of light. This building has an on-site laundry facility and 14 parking spaces.This well-kept building is very easy to manage and is well-positionedin the south tip of North Hollywood and will offer great appreciationfor a long-term holder. Furthermore, the building is fitted with copperplumbing.The property is located between Vineland Ave & Cahuenga Blvd,situated just south of Chandler Blvd. The site is in walking distanceto plenty of shops, stores, and parks. As well, it sits in an extremelydense rental area. The building has easy access to the 101, 134, and170 Freeways, as well as being a short drive over the mountain tothe west side. This well-maintained investment opportunity will makea great addition to the next investors portfolio, who will also benefitfrom the long-term appreciation growth in a great area!
    Exterior Features

    Lot Features Lot 6500-9999 Lot Size Area 6750.0000 Parking Total 14.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features In GarageWasher Hookup Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Street Lights Electric Expense 4500.00 Fuel Expense 240.00 Gardener Expense 1200.00 Gross Income 167820.00 Gross Multiplier 17.48 Gross Operating Income 167820.00 Gross Scheduled Income 165600.00 Insurance Expense 3739.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 2220.00 Net Operating Income 100280.00 New Construction YN No New Taxes Expense 36188.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Operating Expense 52573.00 Pest Control Expense 720.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 62573.00 Trash Expense 3986.00 Water Sewer Expense 8000.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Reza Ghobadi, CA DRE# , of Reza Ghobadi.


    Based on information from CRISNet MLS as of 2021-01-21T16:56:21.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-21T16:56:21.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Harcourts Bella Vista Realty
    22156 Sherman way Suite D
    Canoga Park CA, 91303