5017 Cartwright 1, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 3 bath
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North Hollywood, California 91601
This Spacious Townhouse represents a Strong Value Opportunity, listed at $749,000—positioned well below the $814,808 Fair Market Value by 8%. This valuation gap provides $65,808 in Instant Equity for the buyer. While the property maintains a Fair Condition Rating with original 1972 finishes, its prime location near the NoHo Arts District and private patio offer significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build wealth through strategic cosmetic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5017 Cartwright 1 Subject | $749,000* List Price | 3 | 3 | 1,656 | $492 | - |
A 10929 Morrison Sold | $665,000 | 2 | 3 | 1,220 | $545 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is well-maintained but significantly dated. The kitchen features older oak cabinetry and tile countertops likely from a 20+ year old renovation, and the interior retains aged parquet flooring and older carpeting. While functional and move-in ready, it requires cosmetic updates and likely system overhauls to meet modern standards.
Situated as a front unit in an intimate four-home boutique complex near Toluca Woods, this property offers enhanced privacy and exceptional proximity to the NoHo Arts District and major film studios.
With over 1,650 square feet of living space, the home features a generous primary suite with a sitting area, an open-concept main level designed for entertaining, and a direct-access two-car garage.
The monthly HOA fee of $250 is significantly lower than the market average for North Hollywood townhomes, offering better long-term affordability and lower carrying costs for the owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2000, other record lot size in square feet = 9974.
Built in 1972, the residence may require modern cosmetic updates or infrastructure improvements to compete with newer construction or fully renovated units in the area.
The small, boutique nature of the complex means there are no shared amenities such as a pool, fitness center, or gated security, which are often found in larger residential developments.
Nestled in the highly desirable Toluca Woods adjacent neighborhood, this private front-unit townhome offers the perfect blend of comfort, space, and Southern California indoor-outdoor living. Featuring 3 bedrooms, 2.5 bathrooms, and approximately 1,656 square feet, this well-appointed residence is one of only four homes in an intimate boutique complex. The spacious upper level features an expansive primary suite with a generous sitting area, private balcony, ample closet space, and an ensuite bath. Two additional well-sized bedrooms, a full hall bath, and a conveniently located laundry room complete the second floor. Designed for both everyday living and effortless entertaining, the main level showcases an oversized living room with a decorative fireplace, built-incabinets/bar area , abundant storage, and an open-concept kitchen with extensive cabinetry, a breakfast bar, and a spacious dining area. A door off the kitchen opens to a private patio, creating a seamless indoor-outdoor setting ideal for morning coffee, al fresco dining, or relaxing evenings at home. There is a gas hook up for a BBQ making it ideal for an evening dinner on the patio. Additional highlights include direct access to an attached two-car garage with exceptional storage and an assigned guest parking space. Ideally located just minutes from the NoHo Arts District's dining, shopping, and entertainment, as well as Universal Studios, Warner Bros. Studios, and major commuter routes, this exceptional home offers the perfect combination of privacy, convenience, and timeless appeal in one of Los Angeles' most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,656 | 1,448 |
| Lot Size | 2,000 | 6,904 |
| Price | $749.0K | $756.1K |
| Price per sq ft | $452 | $485 |
| Built year | 1972 | 1998 |
| HOA | $250.0 | $285 |
| Days on market | 6 | 63 |
Jul 16, 2026
$749,000
Initial Listing
Apr 7, 2004
$380,000
Public Record