5651 Case Avenue, North Hollywood, CA 91601
Local realty services provided by:ERA North Orange County Real Estate
5651 Case Avenue,North Hollywood, CA 91601
$3,995,000
- 23 Beds
- 20 Baths
- 9,127 sq. ft.
- Multi-family
- Active
Listed by: oliver thornton
Office: hollywood estates
MLS#:26646863
Source:CRMLS
Price summary
- Price:$3,995,000
- Price per sq. ft.:$437.71
About this home
ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $193,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! NO RENT CONTROL VIA SB-8 EXEMPT STATUS AND FULLY STABILIZED/RENTED OUT AT $24,320/MONTH! 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 5.11% CAP rate (factoring in conservative 30% operating expenses typically calculated by conventional banks) 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 and cost segregation estimate for bonus depreciation from the listing agent....
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Home facts
- Year built:2025
- Listing ID #:26646863
- Added:407 day(s) ago
- Updated:March 28, 2026 at 01:23 PM
Rooms and interior
- Bedrooms:23
- Total bathrooms:20
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Washer
- Living area:9,127 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:9,127 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Contemporary
- Levels:Multi Split
Finances and disclosures
- Price:$3,995,000
- Price per sq. ft.:$437.71
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:10
- Parking description:Attached Carport, Carport, Driveway, Garage, Private, Tandem
- Garage:Yes
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