5263 Cartwright Ave is a brand new, luxury 5 unit in the coveted Toluca Woods enclavean ultra charming pocket of North Hollywood bordering Toluca Lake and Magnolia Park. Surrounded by tree lined streets, coffee shops, and entertainment studios, this location attracts long term A+ tenants who value a neighborhood feel with urban convenience. This NON RENT CONTROLLED, four story double duplex + ADU project offers thoughtful layouts with spacious living areas, private decks with incredible views, and top floor master suites tenants will love. Its located in a designated Opportunity Zone and delivers a projected 6.05% cap ratean exceptional return for such a rare, blue chip location. Listed at just $3,150,000, the property is poised to generate approx. $249,600 in annual rental income. The unit mix includes one 4 bed, three 3 beds, and a well designed 1 bed ADU with its own garage. Interiors feature open concept layouts, large windows, high end finishes, and stainless steel appliances. Walk to the NoHo Arts District, bike to Magnolia Park, or head to Toluca Lake Village for brunchthis is one of the most desirable and stable rental pockets in the Valley. Tenants cover the cost of all their utilities, keeping operating expenses minimal, and the 1 year builders warranty provides peace of mind. Plus, with 8 parking spots and 2 bonus spaces, it checks every box for a premium rental. Dont miss the chance to own a high yield, low maintenance asset in one of LAs most charming and in demand neighborhoods.