$10,000 Closing Credit¹
#OC25052806, Ramin Favakehi, Listing Office: Ramin Favakehi, Broker
#BB25064254·
Listing office: Myunits.com Inc.·
Listing agent: Elizabeth Maddox·
Listing office phone: 818-850-8485
$3,150,000 List price
5263 Cartwright Ave North Hollywood, CA 91601
0.2 acres
Condo
Property details
About 5263 Cartwright Ave
5263 Cartwright Ave is a brand-new, luxury 5-unit in the coveted Toluca Woods enclave—an ultra-charming pocket of North Hollywood bordering Toluca Lake and Magnolia Park. Surrounded by tree-lined streets, coffee shops, and entertainment studios, this location attracts long-term A+ tenants who value a neighborhood feel with urban convenience. This NON RENT-CONTROLLED, four-story double-duplex + ADU project offers thoughtful layouts with spacious living areas, private decks with incredible views, and top-floor master suites tenants will love. It’s located in a designated Opportunity Zone and delivers a projected 6.05% cap rate—an exceptional return for such a rare, blue-chip location. Listed at just $3,150,000, the property is poised to generate approx. $249,600 in annual rental income. The unit mix includes one 4-bed, three 3-beds, and a well-designed 1-bed ADU with its own garage. Interiors feature open-concept layouts, large windows, high-end finishes, and stainless-steel appliances. Walk to the NoHo Arts District, bike to Magnolia Park, or head to Toluca Lake Village for brunch—this is one of the most desirable and stable rental pockets in the Valley. Tenants cover the cost of all their utilities, keeping operating expenses minimal, and the 1-year builder’s warranty provides peace of mind. Plus, with 8 parking spots and 2 bonus spaces, it checks every box for a premium rental. Don’t miss the chance to own a high-yield, low-maintenance asset in one of LA’s most charming and in-demand neighborhoods.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.1551 Acres
Year builtNew Const., 2025
ParkingCarport, Garage, Paved, Uncovered
MLS #BB25064254
Garage2 spaces
ViewCity Lights, Neighborhood
Summary
- MLS Number: BB25064254
- MLS Name: CRMLS
- Office Name: Myunits.com Inc.
- Office Phone: (818) 850-8485
- Listing Agent: Elizabeth Maddox
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,150,000
5263 Cartwright Ave
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 06, 2018 | Home Sold | $950,000 |
| Jun 21, 2012 | Home Sold | $250,000 |
| Jun 07, 2002 | Home Sold | $177,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,706,182 | $20,602 |
| 2023 | $1,706,182 | $20,597 |
| 2022 | $1,382,656 | $16,244 |
| 2021 | $979,038 | $11,635 |
| 2020 | $969,000 | $11,421 |
| 2019 | $950,000 | $3,794 |
| 2018 | $303,571 | $3,710 |
| 2017 | $297,619 | $3,710 |
History based on county public records data.
Nearby schools
6
Toluca Lake Elementary
Public District PK-5
0.5 mi
•4840 Cahuenga Blvd
4
Lankershim Elementary School
Public District KG-5
0.8 mi
•5250 Bakman Ave
4
Oxnard Street Elementary School
Public District KG-5
0.9 mi
•10912 Oxnard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,824. Most North Hollywood, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
36%
<35k
55%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
15%
Single, with Kids
12%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
39%
18-34 yrs old
36%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5263 Cartwright Ave
This home is located at 5263 Cartwright Ave in North Hollywood, CA and zip code 91601 in the North Hollywood neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 25, 2025 and is currently priced at $3,150,000.
In March 2025 more than 302 listings in North Hollywood, CA were sold above the asking price. During the same period more than 116 listings were sold at asking price, while more than 322 were sold below. The number of listings in North Hollywood, CA increased by 13.7% between February and March 2025. Listings spent 39 days on the market in March 2025, and had a median list price of $940,937 during the same period.
From Rocket Homes Real Estate and based on county public records data.