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Listed by Jose Maria Chaparro • Jenkins Properties
$3,600,000
Est. payment /mo
6,987 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 6,987 sqft
Price per Sqft $515
MLS Listing ID CRP1-23494
HOA Y/N No
Year Built 1987
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
**For Sale: Exceptional 9-Unit Building in North Hollywood - No RSO!**Introducing 5319 Cartwright, a beautifully designed 9-unit building located in the vibrant North Hollywood area. This property offers a fantastic investment opportunity with ample living space and modern amenities, perfect for both current tenants and future residents. This beautiful property was built in 1987 and is not subject to Los Angeles Rent Control (RSO). It is governed by California AB 1482. This provides an investor the option to increase rents up to 5% + CPI, with a cap of 10%. Translation... This is a great Investor-friendly latitude and rent growth potential.**Property Highlights:**- **9 Spacious Units:** Each unit is thoughtfully designed to maximize living space, providing comfort and functionality.- **Central HVAC:** All units are equipped with central heating and air conditioning for year-round comfort.- **Individual Water Heaters:** Each unit features its own water heater, ensuring convenience and efficiency for residents.- **Separate Utilities:** Enjoy separate electrical and gas meters for each unit, simplifying management and billing.- **On-Site Laundry Room:** A dedicated laundry room is available for residents, adding to the convenience of living in this building.Located in a desirable ne
Location
State CA
County Other
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613