5620 CARTWRIGHT Avenue, North Hollywood, CA 91601

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Glen Henderson

[email protected] +1(619) 889-7646

$1,089,000

Est. payment - /mo

5 Beds

4 Baths

8,874 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SR25214765

Bedrooms 5

Lot Size 8,874 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

Investors Dream or Perfect Owner-User Opportunity! Unbelievable value only $544,500 per home! Whether youre a first-time buyer looking to live in one home and rent the other, or an investor seeking steady income, this rare North Hollywood duplex is a golden opportunity you wont want to miss. Ideally located just one block from Burbank, these two separate homes sit on a spacious 8,871 sqft lot with private fenced yards surrounded by trees and flowers a serene retreat where you can enjoy nature year-round. Property Highlights: 5618 Cartwright Ave Built in 2006, no rent control on this 2-story home offers 3 bedrooms, 2 bathrooms, 1,254 sqft of living space, a spacious master suite, an open kitchen with dining area, laundry room, and an attached 2-car garage. Currently rented at $2,350/month with strong potential to increase to approx. $3,700/month at market rate. 5620 Cartwright Ave Built in 1937, rent control. A one-story home offers 2 bedrooms, 2 bathrooms, 1,154 sqft of living space, a formal dining area, a large living room, a bonus room (possible 3rd bedroom), a laundry area, and an attached 2-car garage. Current rent: $ 2,000.00/month. Pro-forma estimate $ 3,500.00 if a new tenant move in. Total Pro-forma of 2 houses estimate $ 7,200.00@ month. Additional Features: Separate yards with private fencing. Tenants occupy both homes with no lease agreement, just month-to-month rent for both homes. Individual water, gas & electric meters tenants pay their own utilities Combined rental potential of $7,200.00 per month if a new tenants move in. Prime location near studios,

Location

State CA

County Los Angeles

Zoning Assessor

Direction Fwy 170 exit Burbank right turn, left turn at Cartwright Ave

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 2415022024

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Listed by Surin Poommai Rise Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

5620 CARTWRIGHT Avenue North Hollywood, CA 91601

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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