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Olga Melnikova

olga@deanaguilargroup.com +1(858) 255-9911

$ 1,089,000

Est. payment -/mo

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Active Under Contract

5620 CARTWRIGHT Avenue North Hollywood, CA 91601

5 Beds

4 Baths

8,874 Sqft Lot

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 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

Listed by Surin Poommai Rise Realty

SCHOOLSPROPERTIES

Elementary Schools 20

10

Colfax Charter Elementary

Public | KG - 5
9

Carpenter Community Charter

Public | KG - 5
9

Theodore Roosevelt Elementary School

Public | KG - 5
9

Robert Louis Stevenson Elementary

Public | KG - 5
9

Thomas Jefferson Elementary School

Public | KG - 5
8

Rio Vista Elementary School

Public | KG - 5
8

Toluca Lake Elementary

Public | PK - 5
8

Bret Harte Elementary

Public | KG - 5
8

Thomas Edison Elementary

Public | KG - 5
7

Celerity Palmati Charter

Public | KG - 8
7

Providencia Elementary

Public | KG - 5
7

George Washington Elementary

Public | KG - 5
7

Walt Disney Elementary School

Public | KG - 5
6

Celerity Cardinal Charter

Public | KG - 8
5

Strathern Elementary School

Public | PK - 5
5

Burbank Boulevard Elementary

Public | PK - 5
5

Victory Boulevard Elementary School

Public | KG - 5
5

New Horizons Charter Academy

Public | KG - 8
5

Lankershim Elementary School

Public | KG - 5
5

Fair Avenue School

Public | KG - 5

Middle Schools 6

7

Walter Reed School

Public | 6 - 8
6

Luther Burbank Middle School

Public | 6 - 8
5

Sun Valley Magnet

Public | 6 - 8
4

Roy Romer Middle School

Public | 6 - 8
0

Off Campus Learning Center

Public | 7 - 12
0

Magnolia Park

Public | 6 - 12

High Schools 9

8

North Hollywood High School

Public | 9 - 12
8

John Burroughs High School

Public | 9 - 12
3

East Valley High School

Public | 9 - 12
0

Valley Torah High School

Private | 9 - 12
0

Valley Torah

Private | 9 - 12
0

Valley Torah High School Girls' Division

Private | 9 - 12
0

Amelia Earhart Continuation

Public | 9 - 12
0

Monterey High (Continuation)

Public | 9 - 12
0

Providence High School

Private | 9 - 12

School and business data provided by Attom Data.

Olga Melnikova

Agent | License ID: 02024406

+1(858) 255-9911

Olga Melnikova

5620 CARTWRIGHT Avenue North Hollywood, CA 91601

Key Details

Location

Interior

Exterior

Building

Others

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5620 CARTWRIGHT Avenue