45
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$3,600,000
Est. payment /mo
New
5319 Cartwright AVE North Hollywood, CA 91601
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-23494
HOA Y/N No
Year Built 1987
Annual Tax Amount $13,122
Tax Year 2023
Property Sub-Type Multi Family
Property Description
**For Sale: Exceptional 9-Unit Building in North Hollywood - No RSO!**Introducing 5319 Cartwright, a beautifully designed 9-unit building located in the vibrant North Hollywood area. This property offers a fantastic investment opportunity with ample living space and modern amenities, perfect for both current tenants and future residents. This beautiful property was built in 1987 and is not subject to Los Angeles Rent Control (RSO). It is governed by California AB 1482. This provides an investor the option to increase rents up to 5% + CPI, with a cap of 10%. Translation... This is a great Investor-friendly latitude and rent growth potential.**Property Highlights:**- **9 Spacious Units:** Each unit is thoughtfully designed to maximize living space, providing comfort and functionality.- **Central HVAC:** All units are equipped with central heating and air conditioning for year-round comfort.- **Individual Water Heaters:** Each unit features its own water heater, ensuring convenience and efficiency for residents.- **Separate Utilities:** Enjoy separate electrical and gas meters for each unit, simplifying management and billing.- **On-Site Laundry Room:** A dedicated laundry room is available for residents, adding to the convenience of living in this building.Located in a desirable neighborhood, this property is not subject to rent control, making it an ideal investment for maximizing rental income. With its attractive design and functional features, 5319 Cartwright is a fantastic opportunity for savvy investors looking to expand their portfolio in North Hollywood.Don't miss out on this chance to own a well-maintained building in a thriving area! Contact us today for more information or to schedule a viewing.
Location
State CA
County Other
Area Nho - North Hollywood
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Fence Average Condition
Present Use Multi-Family
Total Parking Spaces 15
Building
Dwelling Type Multi Family
Story 3
Water Public
Others
Tax ID 2416026018
Acceptable Financing Conventional, Submit
Listing Terms Conventional, Submit
Special Listing Condition Standard
Listed by Jose Maria Chaparro Jenkins Properties