Active
5651 Case Avenue
North Hollywood CA, 91601
$4,100,000
$449.22 per sqft
Active
23 Beds
20 Baths
9,127 sqft
Residential
Built in 2025
Welcome to "The Case V", a brand-new 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, and 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 $4,100,000, this turnkey investment delivers an projected 5.6% CAP rate 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. One of the units has already been leased and the other units are being shown regularly, anticipating an expedited full lease-up of the building! 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 from the listing agent.
25494031
MLSⓇ ID
February 18, 2025
Listed
March 11, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
23
Total Bathrooms
20
Appliances
Dishwasher, Microwave, Refrigerator, Dryer, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Architectural Style
Contemporary
Other Property Details
Area Name
NHO - North Hollywood
Days on Market
21
Garage
Yes
Parking
Attached Carport, Carport, Driveway, Garage, Private, Tandem
Parking Total
10
View
No
County
Los Angeles
Zoning
LARD1.5
Listed by Oliver Thornton, Hollywood Estates, CA DRE 01969227
Listing Contact: 310-704-1794
Based on information from the CRISNet MLS as of 3/11/2025, 10:11 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
©2025 CRISNet MLS. All rights reserved.