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Property Description

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.

Features
: Central
: Central Air
3
: Dryer Included, Washer Included
0
: Contemporary
Additional Information
Hollywood Estates
0
CLW-C122762
CLW-X8257519
Oliver
2337029017
: Standard
Multi/Split
32

Multi-Family For Sale

5651 Case Avenue, North Hollywood, California 91601

9,127 Sqft
$4,100,000
Listing ID #25494031
Basic Details
Status : Active
DaysOnMarket : 21
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25494031
Price : $4,100,000
Living Area : 9,127 Sqft
Lot Size : 6,986 Sqft
Year Built : 2025
Country : US
State : California
County : Los Angeles
City : North Hollywood
Zipcode : 91601
Price Per Square Foot : $449
ModificationTimestamp : 2025-03-11 14:25:08
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