5620 Cartwright Avenue, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

5620 Cartwright Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,050,000
5620 Cartwright Avenue, North Hollywood, California 91601
0Bed
0Bath
2,408Sqft
8,874Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Potential: The property features a duplex configuration with two separate units, each with private entries and garages, providing excellent rental income potential.
Top Cons:
Older Construction: The front unit was built in 1937, which may require updates or repairs to meet modern standards.

Compared to the nearby listings

Price:$1.05M vs avg $1.65M ($-600,000)44%
Size:2,408 sqft vs avg 3,382 sqft33%
Price/sqft:$436 vs avg $46344%

More Insights

Built in 1937 (88 years old).
Condition: The property consists of two units, one built in 1937 and a newer one built recently. The older unit shows its age in the kitchen and bathrooms, which appear dated but functional. The newer unit appears to be in good condition. Given the age of the original structure and the mix of updated and older features, a 'Fair' rating is appropriate. It requires some updates to bring it to modern standards, especially in the original unit.
Year Built
1937
Close
-
List price
$1.05M
Original List price
$1.15M
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
DW24131564
Home ConditionFair
Features
Patio
View-

About this home

$50K price reduction! This duplex, located in the rapidly developing North Hollywood Arts District, offers a fantastic opportunity. The front unit (5620) features a spacious living room with a fireplace, 2 bedrooms, 2 bathrooms, a kitchen, rear patio, front yard, and a detached two-car garage. Laundry facilities are located on the rear patio. The newly built, two-story rear unit (5618) has its own private entry, separated by a gate. The first floor includes a living room, kitchen, dining area, and half bath, with direct access to its own two-car garage with laundry facilities. Upstairs, the master bedroom includes an en-suite bathroom, and two additional bedrooms share a Jack and Jill bathroom. The property includes a total of 2,408 sq ft of living space and sits on an 8,874 sq ft lot. Both units feature private entries and garages, offering excellent potential in a vibrant neighborhood.

Condition Rating
Fair

The property consists of two units, one built in 1937 and a newer one built recently. The older unit shows its age in the kitchen and bathrooms, which appear dated but functional. The newer unit appears to be in good condition. Given the age of the original structure and the mix of updated and older features, a 'Fair' rating is appropriate. It requires some updates to bring it to modern standards, especially in the original unit.
Pros & Cons

Pros

Income Potential: The property features a duplex configuration with two separate units, each with private entries and garages, providing excellent rental income potential.
New Construction: The rear unit is newly built, offering modern amenities and potentially lower maintenance costs compared to older properties.
Location: Located in the rapidly developing North Hollywood Arts District, offering access to cultural attractions, dining, and entertainment.

Cons

Older Construction: The front unit was built in 1937, which may require updates or repairs to meet modern standards.
Shared Bath: Upstairs in the rear unit, two bedrooms share a Jack and Jill bathroom, which may not be ideal for all tenants or buyers.

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