5312 Cartwright Avenue
5312 Cartwright Avenue
Closed 1/20/21
Closed 1/20/21
Description
maintained and does not fall under the LA City Rent Control Ordinance—
only the statewide AB 1482. The unit mix is comprised of (One)
studio, (One) 1-Bedroom/1.5-Bathroom + Loft, (Five) 2-Bedroom/2-
Bathroom, and (One) 2-Bedroom/2.5-Bathroom + Loft totaling
approximately 8,475 SF of rental space sitting on approximately
6,750 SF of land—R3 zoned. Furthermore, four of the units on the
top floor offer high ceiling and lots of light....Built in 1991 by the current owners, the subject property has been well
maintained and does not fall under the LA City Rent Control Ordinance—
only the statewide AB 1482. The unit mix is comprised of (One)
studio, (One) 1-Bedroom/1.5-Bathroom + Loft, (Five) 2-Bedroom/2-
Bathroom, and (One) 2-Bedroom/2.5-Bathroom + Loft totaling
approximately 8,475 SF of rental space sitting on approximately
6,750 SF of land—R3 zoned. Furthermore, four of the units on the
top floor offer high ceiling and lots of light.
This building has an on-site laundry facility and 14 parking spaces.
This well-kept building is very easy to manage and is well-positioned
in the south tip of North Hollywood and will offer great appreciation
for a long-term holder. Furthermore, the building is fitted with copper
plumbing.
The property is located between Vineland Ave & Cahuenga Blvd,
situated just south of Chandler Blvd. The site is in walking distance
to plenty of shops, stores, and parks. As well, it sits in an extremely
dense rental area. The building has easy access to the 101, 134, and
170 Freeways, as well as being a short drive over the mountain to
the west side. This well-maintained investment opportunity will make
a great addition to the next investor’s portfolio, who will also benefit
from the long-term appreciation growth in a great area!
Listing Agent
![Mirella Venti]()
mirella.venti@compass.comP: 626.233.1502
Property Details for 5312 Cartwright Avenue
Location
Sold By Pinnacle Estate Properties, Suzy Seropian, DRE #01368832
Property Details for 5312 Cartwright Avenue
| Status | Closed |
|---|---|
| MLS # | SR20220426 |
| Days on Market | 4 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1991 |
| Lot Size | 0.15 AC / 6,750 SF |
| County | Los Angeles County |
Location
Sold By Pinnacle Estate Properties, Suzy Seropian, DRE #01368832
Building Information for 5312 Cartwright Avenue
Payment Calculator
$18,493 per month
30 year fixed, 7.25% Interest
$15,444
$3,049
$0
Property Information for 5312 Cartwright Avenue
- Gross Income: $167,820
- Gross Scheduled Income: $165,600
- Vacancy Allowance: 4968
- Gross Operating Income: $167,820
- Net Operating Income: $100,280
- Laundry Income: $2,220
- Gross Multiplier: 17.48
- Cap Rate: 3.46
- Financing: Cash To New Loan
- Operating Expense: $52,573
- New Taxes Expense: $36,188
- Gardener Expense: $1,200
- Fuel Expense: $240
- Pest Control Expense: $720
- Electric Expense: $4,500
- Insurance Expense: $3,739
- Professional Management Expense: $0
- Trash Expense: $3,986
- Water Sewer Expense: $8,000
- Total Expenses: $62,573
- Tax Tract Number: 125320
- Tax Census Tract: 1253.20
- Tax Lot: 128
- Community Features: Street Lights
- Laundry: Yes
- Laundry Features: In Garage, Washer Hookup
- Laundry Equipment Own Lease: Own
- Pool Features: None
- Pool Description: None
- Lot Features: Lot 6500-9999
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 14
- Parking Garage Spaces: 14
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,825
- Unit Type Total Rent: $1,825
- Unit Type Pro Forma: 2250
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,100
- Unit Type Total Rent: $1,100
- Unit Type Pro Forma: 1550
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,625
- Unit Type Total Rent: $1,625
- Unit Type Pro Forma: 2250
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,825
- Unit Type Total Rent: $1,825
- Unit Type Pro Forma: 2250
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,700
- Unit Type Total Rent: $2,700
- Unit Type Pro Forma: 2750
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,200
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1850
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,525
- Unit Type Total Rent: $1,525
- Unit Type Pro Forma: 2250
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2250
- Unit Type Type: 8
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 0
Property History for 5312 Cartwright Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5312 Cartwright Avenue
Schools near 5312 Cartwright Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 11 |
Rating | School | Distance |
|---|---|---|
Toluca Lake Elementary School PublicK to 5 | ||
Walter Reed Middle School Public6 to 8 | ||
East Valley Senior High School Public9 to 12 | ||
Science Academy STEM Magnet Public6 to 11 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Compass, Mirella Venti, DRE #01740644; Reza Ghobadi, Reza Ghobadi, DRE #01780045
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.