5651 Case Avenue, North Hollywood, CA 91601

North Hollywood
Local realty services provided by:ERA North Orange County Real Estate
5651 Case Avenue,North Hollywood, CA 91601
$3,695,000
  • 23 Beds
  • 20 Baths
  • 9,127 sq. ft.
  • Multi-family
  • Active
Listed by: oliver thornton
Office: hollywood estates310-704-1794
MLS#:26998011
Source:CRMLS

Price summary

  • Price:$3,695,000
  • Price per sq. ft.:$404.84

About this home

Welcome to "The Case V," a newly built 2025 townhome-style apartment property, fully leased and stabilized with $25,645 in monthly rental income. Located in the heart of the North Hollywood Arts District, adjacent to Toluca Lake, this turnkey investment was built with a Senate Bill 8 exemption and is exempt from Los Angeles rent control. The property features four units plus an ADU, totaling 9,127 square feet on a 7,000-square-foot lot, with nine on-site parking spaces. The spacious unit mix includes two 5-bedroom, 4-bathroom units; two 5-bedroom, 4.5-bathroom units; and one 3-bedroom, 3.5-bathroom ADU. Each residence offers an in-unit washer and dryer, hardwood floors, stainless steel appliances, recessed lighting, and high-end finishes.Offered at $3,695,000, "The Case V" delivers an approximate 6.4% cap rate based on in-place rental income, assuming 20% operating expenses and a 4% vacancy allowance. Developed by Thornton Development Group, the property combines thoughtful design,...

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Home facts

  • Year built:2025
  • Listing ID #:26998011
  • Added:2 day(s) ago
  • Updated:October 11, 2026 at 10:55 AM

Rooms and interior

  • Bedrooms:23
  • Total bathrooms:20
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Living area:9,127 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:2025
  • Building area:9,127 sq. ft.
  • Lot area:0.16 Acres
  • Architectural Style:Contemporary

Finances and disclosures

  • Price:$3,695,000
  • Price per sq. ft.:$404.84

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:9
  • Parking description:Attached Carport, Carport, Driveway, Garage, Private, Tandem
  • Garage:Yes
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