5651 Case Ave - Apartments FOR SALE


North Hollywood, CA 91601
$3,995,000 USD
310-704-1794
5651 Case Ave, North Hollywood, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/38
null | 5.65% Cap Rate

5651 Case Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • New Construction
  • Solar Paid Off
  • No Rent Control (SB 8 Exempt)
  • Fully Rented Out / Stabilized

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

5

PRICE/UNIT

$799,000

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"The Case V" | 5651 Case Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,599 SF

ZONING

LARD1.5

APN/PARCEL ID

2337-029-017

ASK ABOUT THIS PROPERTY

Oliver ThorntonHollywood EstatesMore Info
310-704-1794

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Oliver ThorntonHollywood EstatesMore Info
310-704-1794

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.