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5651 Case Avenue

North Hollywood, CA 91601
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Bed 23

Bed

Bath 20

Bath

SqFt9,127

Sqft

SqFt6,986

Sqft(Lot)

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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,795,000

AD Id : 89085507

MLS Id : 26857873

Beds : 23

Lot Size : 6,986 Sqft

Living Area Size : 9,127

Year Built : 2025

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 23

    Bathroom Information

    Total Baths: 20
  • Interior Features

    Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2025
    Building Area Total: 9127
    Private Pool: No

  • Lot Information

    Lot Dimensions: 50x140 Main Square Feet: 6986 Lot Size Acres: 0.1604 Lot Size Square Feet: 6,986

  • Listing Price Information

    Listing Price: $3795000
    Original Price: $3995000

  • Tax Information

    Parcel Number: 2337029017

  • Parking Information

    Parking Total: 10 AttachedCarport, Carport, Driveway, Garage, Private, Tandem

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes

  • Location Information

    Direction: Use G.P.S or Waze.
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Nearby Home Value

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5665 Whitnall, North Hollywood, CA, 91601 $1,650,000 -- -- 5,440 5,440 SqFt
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5887 Whitnall, North Hollywood, CA, 91601 $1,489,000 -- -- 4,837 4,837 SqFt
5123 Cahuenga Boulevard, North Hollywood, CA, 91601 $679,999 2 1 855 855 SqFt
5617 Denny Avenue, North Hollywood, CA, 91601 $1,279,000 5 4 3,102 3,102 SqFt
5637 - 5641 Riverton Av.., North Hollywood, CA, 91601 $3,800,000 16 16 9,052 9,052 SqFt
5421 Denny Avenue, North Hollywood, CA, 91601 $1,200,000 2 1 776 776 SqFt
5055 Willowcrest, North Hollywood, CA, 91601 $1,199,700 3 2 1,877 1,877 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 11:20

MLS: 26857873 LISTED BY: Oliver Thornton, Hollywood Estates 310-704-1794 SOURCE: CRMLS

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