5648 Cartwright Ave, North Hollywood
The Most High-End, 2025 Construction Units in All of NoHo
A stunning, non-rent-controlled 4-unit property in prime NoHo. Priced at $2,895,000, it offers massive rooftop decks, private yards and high-end finishes. This 2025-built gem features two 4-bed townhomes, a freestanding 3-bed, and a 1-bed JADU. With strong cap rate potential and no rent control, this is a rare investment opportunity near NoHo Arts District! Neighboring 5650 Cartwright is also available, offering an 8-unit expansion option.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
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Rent Control:
$2,895,000
Fourplex
Pre-Market
4
2025
5.73%
13.55
$213,600/Year (Pro Forma)
5,538 sqft
5,915 sqft
$522.75
$723,750
1 x 4b/4b, 1 x 4b/3b, 1 x 3b/3b, 1 x 1b/1b
No
4 Garage Spots (Permitted), 3 Exterior Spots (Bonus)
No
Other Features:
No Rent Control, Private Yards, Private Washers/Dryers for Each Unit
The Highlights
NO RENT CONTROL!
Projected cap rates of 8.77% with a master lease or 5.58% with standard tenants, providing strong cash flow potential in a highly desirable market.
With massive roof decks, highly elevated finishes, and private yards, this property exists on an orbit beyond other new construction builds!
Owner-Occupier’s Dream: Live in absolute luxury in one of the massive townhomes while tenants help contribute to your mortgage.
Neighboring 5650 Cartwright Ave, a mirror-image property, is also available, offering the rare opportunity to acquire 8 units with residential financing.
Prime NoHo Location: Situated minutes from the vibrant NoHo Arts District, upscale Toluca Woods, and Burbank’s trendy Magnolia Park, offering tenants a perfect mix of residential tranquility & urban excitement.
Each unit features expansive private rooftop yards with turf and 360-degree views, a feature that drives up tenant demand significantly.
Unmatched curb appeal: Designed with luxury finishes that rival high-end small-lot subdivisions, this property exudes pride of ownership.
Tenant-paid utilities, meaning minimal expenses and high return!
Ample Parking: Two oversized 2-car garages and three bonus spaces.
The Neighborhood
<15-Minute Walk
The Good Nite, The Bullet Bar, Mucho Mas, The Juice Parlor, Hi Life Barbering, Daniel's Tacos, Nobel Bakery, Moby's Coffee & Tea Co., Izalco Restaurant, Whitnall Highway Off-Leash Dog Park, Hayat's Kitchen
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Porto’s Bakery & Cafe, Laemmle NoHo7, North Hollywood Park, The Good Nite, Lawless Brewing
<$15 Uber Ride
Disney Studios, Tujunga Village, Aroma Cafe, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen
Contact
Lauren Cearley
213.302.8662
Property Presented By:
