5743 Case Ave - Apartments FOR SALE


North Hollywood, CA 91601
$2,400,000 USD
818-859-7242
5743 Case Ave, North Hollywood, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/51
null | 5.23% Cap Rate

5743 Case Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • 2018 construction with seven years of proven rental history and consistent performance
  • True 5.23% cap rate generating $125K NOI with stable, predictable income
  • Each unit includes 3 parking spaces, featuring a private side-by-side 2-car garage with direct access into the unit plus an additional space in front!
  • Separately metered units with an efficient, low-expense operating profile
  • All 3 bedroom unit mix averaging over 1,130 SF, ideal for long-term tenants
  • Prime NoHo Arts District location near the North Hollywood Metro Station, dining, and everyday retail conveniences

OVERVIEW

The 2-4 Unit Specialists are pleased to present 5743 Case, a 2018-built, fully leased fourplex in the heart of the North Hollywood Arts District offering a 5.23% cap rate, $125,530 NOI, and seven years of proven, stable operations. Each unit includes 3 parking spaces, featuring a private side-by-side 2-car garage with direct access into the unit plus an additional space in front of the garage, a rare amenity that materially drives tenant demand and retention. The property consists of four large 3 bedroom units averaging over 1,130 SF, each separately metered and equipped with in-unit laundry and modern, low-maintenance finishes. Floorplans are significantly larger and more functional than typical new construction, with open kitchens, spacious living areas, oversized bedrooms, high ceilings and large, deep closets. Unlike many newer builds that sacrifice livability for bedroom count, these units offer true usability, which is reflected in consistent occupancy and long-term tenancy! The asset produces $168,000 in gross income with zero loss-to-lease and a strong average rent of $3.09/SF, demonstrating in-place rents that are aligned with the current market. Operating expenses remain efficient at approximately 23.5% of income, supporting a clean, predictable yield with minimal management needs! Located minutes from the North Hollywood Metro Station and in the NoHo Arts District, the property benefits from immediate access to major employment hubs, transit, and a dense live-work-play environment. Nearby conveniences including Trader Joe's and Target, along with top dining such as Idle Hour and The Front Yard, continue to drive strong tenant demand. With its proven income history, efficient expense profile, rare 3 parking spaces per unit, and larger, tenant-oriented layouts, 5743 Case presents a straightforward opportunity to acquire a stabilized, low-maintenance asset in one of LA’s most active rental submarkets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$531 USD /SF

# OF UNITS

4

PRICE/UNIT

$600,000

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NoHo Arts 2018-Built, Fully Leased Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

2337-028-019

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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