5651 Case AVE, North Hollywood, CA 91601
5651 Case AVE, North Hollywood, CA 91601
5651 Case AVE, North Hollywood, CA 91601
5651 Case AVE, North Hollywood, CA 91601
5651 Case AVE, North Hollywood, CA 91601
5651 Case AVE, North Hollywood, CA 91601
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Jake Smoke

Jake Smoke

+1(760) 429-5533
$ 3,995,000
Est. payment | /mo

23 Beds

20 Baths

9,127 SqFt

Save
$ 3,995,000
Est. payment | /mo
Save

23 Beds

20 Baths

9,127 SqFt

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Oliver Thornton Hollywood Estates #01969227

Nearby Locations

Jake Smoke

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 429-5533

jake@teamsmoke.us

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5651 Case AVE