RealKey
‪(213) 433-7766‬

5620 & 5618 Cartwright Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 5 bed, 4 bath

5620 home-pic-0
ACTIVE$1,089,000
5620 & 5618 Cartwright Avenue, North Hollywood, California 91601
5Beds
4Baths
2,408Sqft
8,874Lot
Year Built
1937
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
SR25168562
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.09M(49th), sqft - 2408(74th), beds - 5(85th), baths - 4(72th).

Income Property of the Year - Prime Investment Opportunity. An ideal choice for investors and first-time buyers alike! Live in one home and rent out the other- perfect for generating rental income. These two separate homes are on one large 8,871 sqft lot located in a peaceful neighborhood, just steps from the Burbank border. A true dream property in a high-demand area! • 5618 Cartwright Ave is a 2-story home offering 3 bedrooms, 2 bathrooms, living space of 1,254 sqft. A large master suite, an open kitchen and dining area, and an attached 2-car garage.Current rent $ 2,350.00 @ month. If new tenant rent shall be increase to market rate around $ 3,700.00 @ month. Also, on #5620 Cartwright Ave, if a new tenant move in a new rent around $3,500.00. Total both $ 7,200.00. • 5620 Cartwright Ave features 2 bedrooms, 2 bathrooms, living space of 1,154 sqft. A spacious living room, a formal dining area, a bonus room that can be used as a third bedroom, an attached 2-car garage, and a laundry area. Current rent is $ 2,000.00 @ month • Both homes have private fenced yards, separate garages, and tons of potential — all for only $1,089,000.00. ( $ 544,500 for each Home ). Each Home Has Separate Water, Gas & Electric Meters – Tenants Pay Their Own Utilities!. Hurry ! it Won’t Last Long!.

Price History

Date
Event
Price
07/26/25
$1,089,000
Condition Rating
Fair
Built in 1937, this property is aged. While appearing maintained and livable, the kitchen features significantly outdated wood cabinets, dated red countertops, and an older stove, suggesting a renovation that is likely 15-30+ years old. Other areas show basic laminate flooring and simple, dated light fixtures. The overall impression is that the home is aged but has received occasional upkeep and minor updates rather than a comprehensive recent renovation. It is functional but shows clear signs of being outdated and would benefit from substantial aesthetic and possibly system updates, particularly in the kitchen and likely the unpictured bathrooms.
Pros & Cons

Pros

Income-Generating Duplex: The property consists of two separate homes on one large lot, offering an ideal setup for an owner-occupant to live in one unit and rent out the other, or for a pure investment strategy.
Significant Rental Upside: Current rents are substantially below market rates, indicating a strong potential to increase rental income from $4,350 to an estimated $7,200 per month, significantly boosting cash flow and ROI for a new owner.
Desirable Location: Located in a peaceful, high-demand neighborhood in North Hollywood, just steps from the Burbank border, enhancing its appeal to tenants and potential for appreciation.
Independent Units with Separate Utilities: Both homes feature private fenced yards, separate garages, and individual meters for water, gas, and electricity, minimizing landlord expenses and offering tenants greater autonomy.
Large Lot Size: The expansive 8,871 sqft lot provides ample outdoor space, privacy between units, and potential for future landscaping or property enhancements.

Cons

Age of Construction: Built in 1937, the properties are older, which may necessitate significant capital expenditure for updates to plumbing, electrical, and other systems, as well as general modernization to meet current standards.
Below Market Current Rents: While offering future upside, the immediate cash flow is limited by current rents being significantly below market rates, which could impact initial return on investment until new tenants are secured or leases are adjusted.
Potential Renovation Costs: The description mentions 'tons of potential,' implying that substantial renovation or upgrades may be required to fully realize the property's value and achieve the advertised market rents, adding to the buyer's initial investment.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state