The 5+ Unit Specialists are pleased to present 5263 Cartwright Ave, a brand-new, luxury 5-unit multi-family property located in a designated Opportunity Zone in the heart of NoHo, just moments from Toluca Lake. This impressive 4-story, NON-RENT-CONTROLLED double-duplex + ADU project boasts expansive decks with stunning views, phenomenal floorplans with large living spaces, and unbeatable 4th-story master bedrooms that tenants will absolutely love. Most importantly, it offers a projected 6.29% cap rate—unheard of for this prime location. At only $3,050,000, this property is positioned to move quickly! Situated within walking distance to the vibrant NoHo Arts District and just 1 mile from Magnolia Park in Burbank, we project the units at this stellar location will generate roughly $249,600 in annual rental income, offering an outstanding opportunity for high-yield returns. The property features a 5-unit layout, including one spacious 4-bedroom unit, three 3-bedroom units, and a well-appointed 1-bedroom ADU with an attached garage. Each unit has been thoughtfully designed with open-concept floorplans, high-end finishes, stainless steel appliances, and large windows that flood the spaces with natural light. There are 8 parking spots on-site, with room for 2 additional bonus spots—an attractive feature for tenants. 5263 Cartwright Ave is located within an Opportunity Zone, providing significant tax incentives (consult your CPA). Tenants cover the cost of all their utilities, keeping operating expenses minimal, and the property is covered by a 1-year builder’s warranty for added peace of mind. Don’t miss this unique opportunity to invest in a luxury property in a premium location that’s poised for significant appreciation!