Sold Price: $2,830,000 | 8-Units | 8,475 SF Lot
Built 1991
ADDRESS
5312 Cartwright Avenue
North Hollywood, CA 91601
Team Ghobadi of Colliers International and Venti Partners with Compass are proud to present this 8-Unit building at 5312 Cartwright Avenue, North Hollywood, CA 91601.
The property was built in 1991 and has been well maintained by the owner. Being a 1991 construction, the building does not fall under the LA City Rent Control Ordinance— only 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 totaling approximately 8,475 SF of rental space sitting on approximately 6,750 SF of land—R3 zoned.
This building has an on-site laundry facility and 14 parking spaces. This well-kept building is very easy to manage and is well-positioned in the south tip of North Hollywood and will offer great appreciation for a long-term holder. Furthermore, the building is fitted with copper plumbing.
The property is located between Vineland Ave & Cahuenga Blvd, situated just south of Chandler Blvd. The site is in walking distance to plenty of shops, stores, and parks. As well, it sits in an extremely dense rental area. The building has easy access to the 101, 134, and 170 Freeways, as well as being a short drive over the mountain to the west side. This well-maintained investment opportunity will make a great addition to the next investor’s portfolio, who will also benefit from the long-term appreciation growth in a great area!
PROPERTY HIGHLIGHTS
• Built in 1991
• Not subject to LA City Rent Control laws - only statewide
AB 1482
• Great unit mix of 8-Units consisting of Studios, 1+1.5+loft,
2+2, 2+2.5+loft
• Good Upside Potential
• TOC Tier 1
• Located in an Opportunity Zone
• On-site Laundry Machines
• Copper Plumbing
• 14 Parking Spaces
• Located on Cartwright Ave just south of Chandler Blvd
• Minutes from the NoHo Arts District
• Down the street from the North Hollywood Recreation
Center
• Easy access to the 101/134/170 Freeway Junction
• Great Location Nearby to Many Shops/Restaurants and
Ventura Blvd
BUILDING INFORMATION
Year Built: 1991
Building SF: 8,475
Land SF: 6,750 SF Lot
Number of Buildings: 1
Number of Stories: 3
APN: 2416-027-009
Zoning: LAR3
Building Type: Multifamily/8-Units
This property is Co-Listed with
John & Mirella Venti - The Venti Partners at Compass
Montecto | 1101 Coast Village Road | Montecito, CA 93108
Santa Barbara | 801 Chapala Street | Santa Barbara, CA 93101
m: 805.617.6878 | e: venti@compass.com