Price: $1,845,000 | 6-Units | Lot Size: 9,048± SF
Building Size: 4,284± SF | Built: 1949
ADDRESS
5029 Cartwright Avenue
North Hollywood, CA 91601
Colliers International’s, the Ghobadi Multifamily Team, is proud to present this well-maintained 6-unit building located at 5029 Cartwright Ave, North Hollywood, CA 91601.
Built in 1952, the property owners have taken great care of the building with 3 of the units being renovated in the past 18 months. The unit mix is comprised of (4) 1-Bedroom/1-Bathroom and (2) 2-Bedroom/1-Bathroom totaling 4,284± SF of rental space sitting on a large 9,048± SF of land. As well, offering the tenants onsite laundry facilities and 5 car garages.
This building is very easy to manage and will offer great appreciation to the future owner being so well positioned in the heart of a thriving part of North Hollywood—neighbor to Valley Village, Toluca Lake, Studio City, and the NoHo Arts District.
The property is located between Camarillo Street & Magnolia Boulevard, is just south of Magnolia Boulevard and is centered between Vineland Avenue & Cahuenga Boulevard. This site is in walking distance to plenty of shops, stores, and attractions, as well as being conveniently located near parks and schools which can be easily accessible to the tenants.
This property is well situated just east of the 170 freeway and just north of the 134 freeway with easy access to the 101 freeway. This well-maintained building will make a great addition for the future investor who on top of everything else, will value the prime location!
PROPERTY HIGHLIGHTS
• Well-maintained 6 units built in 1952
• Located in the beautiful & clean pocket of North Hollywood –
Adjacent to Toluca Lake
• 3 Units renovated in past 18 months
• Good unit mix of one and two bedrooms
• Upside potential
• Partial copper plumbing
• Onsite laundry facility
• TOC Tier 1
• 5 car garages
• A few blocks from the Toluca Lake Elementary School
• Nearby plenty of shops, restaurants, and attractions
• Minutes from the North Hollywood Recreation Center/Valley
Village Park
• Just north of the 134 freeway, east of the 170, and with easy
access to both along with the 101 freeway
• Great central location surrounded by Valley Village, Toluca
Lake, Studio City, and the NoHo Arts District
BUILDING INFORMATION
Year Built: 1952
Building SF: 4,284± SF
Land SF: 9,048± SF
Number of Buildings: 2
Number of Stories: 2
APN: 2419-011-011
Zoning: LAR2
Building Type: Multifamily/6-Units