5651 Case Ave Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,127 sqft
Price per Sqft $437
MLS Listing ID 25494031
Style Contemporary
Bedrooms 23
Year Built 2025
Lot Size 6,986 Sqft
Acres 0.1604
Property Sub-Type Multi-Family
Property Description
Welcome to "The Case V", a brand-new and FULLY STABILIZED 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 $3,995,000, this turnkey investment delivers an ACTUAL 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. 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.
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Dishwasher, Dryer, Freezer, Microwave, Washer, Refrigerator, Range/Oven
Exterior
Parking Features Carport, Carport Attached, Driveway, Private, Tandem
Garage Spaces 10.0
Building
Story 3
Architectural Style Contemporary
Level or Stories Multi/Split
Others
Special Listing Condition Standard