Property Detail

Description

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 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!