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.

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