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$1,089,000
Est. payment /mo
5 Beds
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
Tax ID 2415022024
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Listed by Surin Poommai Rise Realty
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