Property listed by Rise Realty, Surin Poommai 818-445-4220
$1,089,000
Investor’s Dream or Perfect Owner-User Opportunity!
Unbelievable value – only $544,500 per home!
Whether you’re 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 won’t want to miss. Ideally located just one… Read More 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, shopping, dining, and easy freeway access
•All this for just $1,089,000 total! A true North Hollywood gem with endless potential — act fast, this opportunity won’t last long! Read Less
Listing Snapshot
Days Online
86
Last Updated
Property Type
Duplex
Lot Size
0.2 Acres
Year Built
1937
MLS Number
SR25214765
Additional Details
Appliances & Equipment
GasOven, GasRange
Building
Built in 1937, 2 buildings, 2 stories, Levels: One, Two, Entry level: 1, Entry location: GROUND
Community
Sidewalks
Cooling
CentralAir
Expenses
Insurance: $2,200, Operating: $9,171, Other Expense: $6,971
Exterior Features
TvAntenna
Fence
Wood, Wire
Fireplaces
DiningRoom, FamilyRoom, Gas
Floors
Tile, Vinyl, Wood
Foundation
Combination
Garage
2 spaces
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $52,200, Net Operating Income: $43,029
Interior Features
CeilingFans
Laundry
CommonArea, Inside
Lot
0.2037 acres, TwoToFiveUnitsAcre
Parking
2 carport spaces, 4 total parking spaces, Garage, GarageDoorOpener
ElectricityConnected, NaturalGasConnected, Water Source: Public, ElectricityOnProperty, 2 separate electric meters, 2 separate gas meters, 2 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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