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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 newly built 2025 townhome-style apartment property, fully leased and stabilized with $25,645 in monthly rental income. Located in the heart of the North Hollywood Arts District, adjacent to Toluca Lake, this turnkey investment was built with a Senate Bill 8 exemption and is exempt from Los Angeles rent control. The property features four units plus an ADU, totaling 9,127 square feet on a 7,000-square-foot lot, with nine on-site parking spaces. The spacious 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 residence offers an in-unit washer and dryer, hardwood floors, stainless steel appliances, recessed lighting, and high-end finishes.Offered at $3,695,000, "The Case V" delivers an appr oximate 6.4% cap rate based on in-place rental income, assuming 20% operating expenses and a 4% vacancy allowance. Developed by Thornton Development Group, the property combines thoughtful design, meticulous craftsmanship, and the convenience of new construction. Set on a quiet residential street surrounded by other newly built properties, 5651 Case Ave places residents moments from the dining, entertainment, and creative energy of the North Hollywood Arts District and neighboring Toluca Lake. SELLER OPEN TO NEGOTIATING A CONTRIBUTION TOWARD A BUYER'S INTEREST RATE BUY DOWN, SUBJECT TO AN ACCEPTABLE PURCHASE PRICE AND MUTUALLY AGREED TERMS. Contact the listing agent today to request the offering memorandum and learn more about the seller's contribution toward an interest rate buy down.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,695,000

AD Id : 91745303

MLS Id : 26998011

Beds : 23

Lot Size : 6,986 Sq. Ft

Living Area Size : 9,127 Sq. Ft

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: $3695000

  • Tax Information

    Parcel Number: 2337029017

  • Parking Information

    Parking Total: 9 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

Address Estimate Bed Bath Sq. Ft Lot Size
5633 Denny, North Hollywood, CA, 91601 $1,385,000 7 6 -- 9,390 Sq. Ft
5334 Cleon Avenue, North Hollywood, CA, 91601 $1,280,000 2 1 -- 6,038 Sq. Ft
5701 Fair, North Hollywood, CA, 91601 $1,450,000 5 2 1,622 7,257 Sq. Ft
11314 Martha Street, North Hollywood, CA, 91601 $3,795,000 21 21 8,117 7,252 Sq. Ft
11430 Califa Street, North Hollywood, CA, 91601 $1,100,000 5 3 -- 7,000 Sq. Ft

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 10/11/2026 @ 03:46

MLS: 26998011 LISTED BY: Oliver Thornton, Hollywood Estates 310-704-1794 SOURCE: CRMLS

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