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5656 Cartwright, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

5656 Cartwright, North Hollywood, California 91601 home-pic-0
ACTIVE$999,000
5656 Cartwright, North Hollywood, California 91601
0Bed
0Bath
2,049Sqft
6,548Lot
Year Built
1943
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
GD25147834
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(33th), sqft - 2049(22th), beds - undefined(50th), baths - undefined(50th).

Prime Duplex Fixer in Desirable NOHO – with Development Potential! Attention builders and investors! Incredible opportunity to own two houses on a corner-lot in the heart of the vibrant North Hollywood neighborhood. This residential income property offers the potential to build up or convert garages to ADU – perfect for redevelopment or expansion. Buyers are encouraged to check with the city. Second house has separate address of 10654 Collins St. Each unit features its own private entrance and garage, providing added privacy and convenience. Whether you’re looking to renovate and collect strong rental income, live in one unit and rent the other, or fully redevelop, the possibilities are endless. Surrounded by appreciating properties and located near shops, dining, and transportation, this is a rare chance to unlock major value. Turnkey duplex comps in the area are selling and leasing at premium prices – don’t miss out on this high-upside investment!

Condition Rating
Poor
Built in 1943, this property is explicitly marketed as a 'Fixer' requiring 'significant renovation, repairs, and capital investment.' The images confirm this, showing extremely outdated kitchens with worn wood/painted cabinets, old laminate countertops, dated appliances, and heavily worn linoleum flooring. Other areas feature damaged old tiles, worn hardwood, popcorn ceilings, and antiquated light fixtures. The property is not move-in ready and requires comprehensive updates to all major systems and finishes, making it very uncomfortable in its current state.
Pros & Cons

Pros

Development & Expansion Potential: The property offers significant potential for building up, converting garages to ADUs, or full redevelopment, appealing strongly to builders and investors.
Prime North Hollywood Location: Located in the desirable and vibrant North Hollywood neighborhood, close to shops, dining, and transportation, enhancing its market appeal.
Income-Generating Duplex: As a duplex with two separate houses, each featuring private entrances and garages, it provides immediate rental income opportunities or flexible owner-occupancy.
Corner Lot Advantage: The corner-lot position can offer increased development flexibility, better access, and potentially more natural light or privacy.
High Investment Upside: Marketed as a 'high-upside investment' in an appreciating area, with strong demand and premium pricing for renovated duplexes, promising substantial returns.

Cons

Fixer-Upper Condition: Explicitly described as a 'Fixer,' indicating the property requires significant renovation, repairs, and capital investment to maximize its value.
Advanced Age of Structure: Built in 1943, the property likely has outdated systems and finishes, suggesting a need for comprehensive updates and potential for deferred maintenance.
Development Due Diligence Required: Buyers are encouraged to check with the city regarding development potential, implying that the feasibility and scope of expansion are not guaranteed and require buyer verification.

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