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$ 3,995,000
Est. payment /mo
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5651 Case AVE North Hollywood, CA 91601
23 Beds
20 Baths
9,127 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,127 sqft
Price per Sqft $437
MLS Listing ID 26857873
Bedrooms 23
HOA Y/N No
Year Built 2025
Lot Size 6,987 Sqft
Property Description
Welcome to "The Case V" a brand-new, FULLY STABILIZED & RENTED 2025 townhome-style apartment building with $25,445/month rental income situated in the heart of the North Hollywood Arts District, adjacent to Toluca Lake. Built with a Senate Bill 8 exemption, this property is not subject to Los Angeles rent control, making it an exceptional investment opportunity. The property consists of four units plus an ADU, totaling 9,127 square feet on a spacious 7,000-square-foot lot. The well-designed unit mix includes two 5-bedroom, 4-bathroom units; two 5-bedroom, 4.5-bathroom units; and one 3-bedroom, 3.5-bathroom ADU. Each unit features an inunit washer and dryer, hardwood floors, stainless steel appliances, and recessed lighting, offering residents a luxurious, modern living experience. Listed at just $3,995,000, this turnkey investment delivers a 5.87% CAP rate (underwritten on 20% operating expenses w/ 4% vacancy rate) on in-place income in a prime location alongside many other newly constructed properties on the same street. Built with class and elegance by Thornton Development Group, the property showcases high-end finishes and meticulous craftsmanship. Nestled in a quiet residential neighborhood surrounded by new construction, 5651 Case Ave offers the perfect balance of tranquility and accessibility moments from the vibrant energy of the North Hollywood Arts District and the prestige of Toluca Lake. ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $193,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! Don't miss this exceptional opportunity to secure your place in one of Los Angeles' most sought after rental markets. Request the OM and a cost segregation estimate for bonus depreciation from the listing agent today!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport, Carport, Driveway, Garage, Private, Tandem
Total Parking Spaces 10
Building
Story 3
Entry Level Multi/Split
Architectural Style Contemporary
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2337029017
Special Listing Condition Standard
Listed by Oliver Thornton Hollywood Estates #01969227
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