5651 Case Avenue, North Hollywood, CA 91601
Local realty services provided by:CENTURY 21 Epic
5651 Case Avenue,North Hollywood, CA 91601
$3,995,000
- 23 Beds
- 20 Baths
- 9,127 sq. ft.
- Multi-family
- Active
Listed by: oliver thornton
Office: hollywood estates
MLS#:26646863
Source:CRMLS
Price summary
- Price:$3,995,000
- Price per sq. ft.:$437.71
About this home
ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $193,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! NO RENT CONTROL VIA SB-8 EXEMPT STATUS AND FULLY STABILIZED/RENTED OUT AT $24,320/MONTH! Welcome to "The Case V", a brand-new and FULLY STABILIZED 2025 townhome-style apartment building 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 radical 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, one 3-bedroom, 3.5-bathroom ADU, and one 5-bedroom, 5-bathroom unit. Each unit features in-unit washer and dryer, hardwood floors, stainless steel appliances, and recessed lighting, offering residents a luxurious and modern living experience. Listed at just $3,995,000, this turnkey investment delivers an ACTUAL 5.11% CAP rate (factoring in conservative 30% operating expenses typically calculated by conventional banks) in a prime location with many other new construction properties on the same street. Built with class and elegance by Thornton Development Group, this property showcases high-end finishes and meticulous craftsmanship. Nestled in a quiet residential neighborhood surrounded by newly constructed homes, 5651 Case Ave offers the perfect balance of tranquility and accessibility. Residents will enjoy close proximity to the vibrant energy of the North Hollywood Arts District and the prestige of Toluca Lake. Don't miss out on this exceptional investment opportunity to secure your place in one of Los Angeles' most sought-after rental markets today! Request OM and cost segregation estimate for bonus depreciation from the listing agent....
Contact an agent
Home facts
- Year built:2025
- Listing ID #:26646863
- Added:402 day(s) ago
- Updated:March 28, 2026 at 10:34 AM
Rooms and interior
- Bedrooms:23
- Total bathrooms:20
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:9,127 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:9,127 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Contemporary
Finances and disclosures
- Price:$3,995,000
- Price per sq. ft.:$437.71
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:10
- Parking description:Attached Carport, Carport, Driveway, Garage, Private, Tandem
- Garage:Yes
New listings near 5651 Case Avenue
- New
$798,000Active2 beds 1 baths1,033 sq. ft.6550 Riverton, North Hollywood, CA 91606
MLS# CV26059774Listed by: EXP REALTY OF GREATER LOS ANGELES - Open Sun, 12 to 4pmNew
$675,000Active2 beds 3 baths1,118 sq. ft.10926 Moorpark Street #13, North Hollywood, CA 91602
MLS# 26655903Listed by: EQUITY UNION - Open Sun, 2 to 4pmNew
$1,099,000Active3 beds 3 baths1,800 sq. ft.10648 Woodbridge Street #106, Toluca Lake, CA 91602
MLS# 26670269Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - New
$3,100,000Active-- beds -- baths8,890 sq. ft.6955 Fulton Avenue, North Hollywood, CA 91605
MLS# GD26066764Listed by: HK REALTY - New
$395,000Active2 beds 2 baths824 sq. ft.7826 Laurel Canyon #7, North Hollywood, CA 91605
MLS# SR26066773Listed by: CENTURY 21 MASTERS - Open Sun, 2 to 5pmNew
$3,099,000Active3 beds 3 baths3,128 sq. ft.10225 Valley Spring Lane, Toluca Lake, CA 91602
MLS# 26670205Listed by: COMPASS - Open Sun, 2 to 5pmNew
$1,049,000Active4 beds 3 baths1,727 sq. ft.6821 Babcock Avenue, North Hollywood, CA 91605
MLS# 26669811Listed by: COLDWELL BANKER REALTY - New
$8,200,000Active36 beds 36 baths23,236 sq. ft.7635 Lankershim Boulevard, North Hollywood, CA 91605
MLS# 26670181Listed by: MATTHEWS REAL ESTATE INVESTMENT SERVICES - Open Sun, 2 to 5pmNew
$1,899,000Active4 beds 3 baths2,442 sq. ft.11642 Hartsook Street, Valley Village, CA 91601
MLS# 26660341Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$815,000Active2 beds 2 baths1,017 sq. ft.7854 Agnes Avenue, North Hollywood, CA 91605
MLS# 26669409Listed by: COMPASS