Active

5651 Case Avenue

North Hollywood, CA 91601

$3,995,000 $16,843/Mo

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Overview

Bed

Bath

9,127

Sqft

6,986

Sqft(Lot)

Description

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, an d 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.

Property Details

Property Type : Residential Income

Price : $3,995,000

AD Id : 75097998

MLS Id : 26646863

Beds : 23

Lot Size : 6,986 Sqft

Living Area Size : 9,127

Year Built : 2025

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 23

Bathroom Information

Total Baths: 20 Full Baths: 0 Half Baths: 0
Interior Features

Property Appliances: Dishwasher,Microwave,Refrigerator,Dryer,Washer
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Building Information

Year Built: 2025 Building Area Total: 9,127

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1604 Lot Size Dimensions: 50x140
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6986

Listing Price Information

Original List Price: 3,995,000 Listing Contract Date: 2026-02-06
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2337029017

Garage and Parking

Garage Description: Attached Carport,Carport,Driveway,Garage,Private,Tandem Attached Garage: Yes

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Postal Code Plus 4: 1903 Directions: Use G.P.S or Waze. Zoning: LARD1.5 Source Property Type: Residential Income Area: NHO - North Hollywood
Building and Construction

Property Age: 1 Year Built Source: Owner Total Square Feet Living: 9127 Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5665 Whitnall, North Hollywood, CA, 91601	$1,720,000	--	--	5,440	5,440 SqFt
5709 Auckland Avenue, North Hollywood, CA, 91601	$3,195,000	18	--	7,947	7,947 SqFt
5248 Auckland Avenue, North Hollywood, CA, 91601	$3,995,000	17	--	8,967	8,967 SqFt
5887 Whitnall, North Hollywood, CA, 91601	$1,489,000	--	--	4,837	4,837 SqFt
5512 Willowcrest, North Hollywood, CA, 91601	$1,197,000	3	2	1,008	1,008 SqFt
5650 Denny Avenue, North Hollywood, CA, 91601	$1,195,000	3	3	1,750	1,750 SqFt
5513 Cartwright Avenue, North Hollywood, CA, 91601	$1,095,000	3	2	1,551	1,551 SqFt
5007 Auckland Avenue, North Hollywood, CA, 91601	$2,150,000	4	3	1,864	1,864 SqFt
4918 Cahuenga, North Hollywood, CA, 91601	$2,499,000	--	--	6,083	6,083 SqFt
5641 Riverton Avenue, North Hollywood, CA, 91601	$2,150,000	8	--	4,526	4,526 SqFt

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ByOwner last updated this listing 06/14/2026 @ 08:16

MLS: 26646863 LISTED BY: Oliver Thornton, Hollywood Estates 310-704-1794 SOURCE: CRMLS