5445 Cartwright Avenue, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath
ACTIVE$1,350,000
5445 Cartwright Avenue, North Hollywood, California 91601
0Bed
0Bath
3Sqft
5,830Lot
Year Built
1948
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$450,000
HOA
-
Days on market
-
Sold On
-
MLS number
CV25089136
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.35M(44th), sqft - 3(11th), beds - undefined(50th), baths - undefined(50th).
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THRIVING NORTH HOLLYWOOD NEIGHBORHOOD. THIS 3 UNIT PROPERTY FEATURES A FRONT UNIT WITH 4 BEDROOMS AND 2 BATHROOMS, TWO REAR UNITS EACH WITH 1 BEDROOM AND 1 BATHROOM. LOCATED IN A PRIME AREA, JUST 5 MINUTES FROM DOWNTOWN BURBANK, BURBANK AIRPORT, 134 FREEWAY. GREAT SCHOOLS, SHOPPING HUBS, AND ENTERTAINMENT.
Price History
Date
Event
Price
04/23/25
Listing
$1,350,000
Condition Rating
Poor
Built in 1948, this property is over 70 years old. The listing provides no interior images, particularly for kitchens and bathrooms, which is a significant red flag for a property of this age. Without evidence of recent extensive renovations, it's highly probable that the interior spaces, especially the kitchen and bathrooms, are severely outdated and would require substantial repairs and rehabilitation to meet current quality and safety standards. The exterior shows signs of age, with some areas appearing more maintained than others, but does not suggest a recently updated property. The description as an 'investment opportunity' often implies a need for significant value-add through renovation.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property is explicitly marketed as an 'EXCEPTIONAL INVESTMENT OPPORTUNITY' and is a triplex, offering multiple income streams.
Strategic Location: Located in a prime area of North Hollywood, just 5 minutes from Downtown Burbank, Burbank Airport, and the 134 Freeway, enhancing tenant desirability and property value.
Multi-Unit Configuration: As a triplex, it provides diversified rental income from three separate units, reducing vacancy risk compared to single-unit properties.
Diverse Unit Mix: Features a desirable unit mix with a 4-bedroom, 2-bathroom front unit and two 1-bedroom, 1-bathroom rear units, appealing to a wider range of tenants.
Thriving Neighborhood: Situated in a 'THRIVING NORTH HOLLYWOOD NEIGHBORHOOD' with access to great schools, shopping hubs, and entertainment, supporting strong rental demand and potential appreciation.
Cons
Property Age and Potential Deferred Maintenance: Built in 1948, the property is over 75 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and significant capital expenditures for renovations or repairs.
Lack of Detailed Unit Condition and Income Data: The description lacks specific information regarding the current condition of each unit, recent upgrades, or existing rental income, which are crucial for investor due diligence.
Missing Total Square Footage Information: The provided data lists 'sqft: 3', which is clearly erroneous and indicates a critical absence of total living area information, essential for accurate valuation and rental projections.