5651 Case Avenue, North Hollywood, CA 91601
Local realty services provided by:CENTURY 21 LOTUS
5651 Case Avenue,North Hollywood, CA 91601
$3,795,000
- 23 Beds
- 20 Baths
- 9,127 sq. ft.
- Multi-family
- Active
Listed by: oliver thornton
Office: hollywood estates310-704-1794
MLS#:26857873
Source:CRMLS
Price summary
- Price:$3,795,000
- Price per sq. ft.:$415.8
About this home
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!...
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Home facts
- Year built:2025
- Listing ID #:26857873
- Added:62 day(s) ago
- Updated:September 11, 2026 at 10:58 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:$3,795,000
- Price per sq. ft.:$415.8
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
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