USACANorth Hollywood5651 Case Ave
Listing image | Image 1

5651 Case Ave, North Hollywood, CA

House

For Sale

Listed price in listed location currency (USD).
$3,695,000

23209

MLS® 26998011

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 9127 sqft
Garage Yes
Taxes 
Days Active 2
Lot Size 0.1604 Acres
Approx. Age 2025
Avg. Price Per Sqft $404
MLS® Number 26998011

Property Address: 5651 Case Ave, North Hollywood, CA, 91601-1903

Average square foot calculated using Size range provided by listing agent.

Description

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, meticulous craftsmanship, and the convenience of new construction. Set on a quiet residential street surrounded by other newly built properties, 5651 Case Ave places residents moments from the dining, entertainment, and creative energy of the North Hollywood Arts District and neighboring Toluca Lake. SELLER OPEN TO NEGOTIATING A CONTRIBUTION TOWARD A BUYER'S INTEREST RATE BUY DOWN, SUBJECT TO AN ACCEPTABLE PURCHASE PRICE AND MUTUALLY AGREED TERMS. Contact the listing agent today to request the offering memorandum and learn more about the seller's contribution toward an interest rate buy down.
MLS® Number26998011
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2025
Basement
DrivewayAttached Carport, Carport, Driveway, Garage, Private, Tandem
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 8, 2026List Date
$3,695,000List Price
  • Commute

Commute

Starting Address
Destination Address
5651 Case Ave, North Hollywood, CA

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