5651 Case Avenue, North Hollywood, CA 91601
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
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.
Contact an agent
Home facts
- Year built:2025
- Listing ID #:26646863
- Added:380 day(s) ago
- Updated:March 06, 2026 at 11:29 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
Structure and exterior
- Year built:2025
- Building area:9,127 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Contemporary
Finances and disclosures
- Price:$3,995,000
- Price per sq. ft.:$437.71
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
New listings near 5651 Case Avenue
- Open Sat, 1 to 4pmNew
$599,000Active1 beds 1 baths1,036 sq. ft.4445 Cartwright Avenue #116, Toluca Lake, CA 91602
MLS# 26660145Listed by: DOUGLAS ELLIMAN - Open Sat, 1 to 4pmNew
$1,850,000Active3 beds 2 baths1,656 sq. ft.4312 Klump, Studio City, CA 91602
MLS# SR26046473Listed by: SOTHEBY'S INTERNATIONAL REALTY - Open Sun, 3 to 5pmNew
$9,995,000Active5 beds 6 baths4,927 sq. ft.4343 Forman Avenue, Toluca Lake, CA 91602
MLS# 26659351Listed by: CAROLWOOD ESTATES - Open Fri, 11am to 2pmNew
$679,000Active2 beds 3 baths1,207 sq. ft.11445 Moorpark, Studio City, CA 91602
MLS# SR26047688Listed by: COLDWELL BANKER REALTY - New
$1,348,800Active4 beds -- baths2,207 sq. ft.6852 Atoll, North Hollywood (los Angeles), CA 91605
MLS# CRSR26048123Listed by: BEVERLY AND COMPANY, INC. - New
$1,348,800Active-- beds -- baths2,207 sq. ft.6852 6854 Atoll, North Hollywood, CA 91605
MLS# SR26048123Listed by: BEVERLY AND COMPANY, INC. - New
$2,275,000Active9 beds 7 baths4,243 sq. ft.11315 Tiara Street, North Hollywood, CA 91601
MLS# 26660057Listed by: MARCUS & MILLICHAP - Open Sat, 12 to 3pmNew
$1,348,800Active4 beds 4 baths2,207 sq. ft.6852 6854 Atoll Avenue, North Hollywood, CA 91605
MLS# SR26047148Listed by: BEVERLY AND COMPANY, INC. - Open Sun, 11am to 2pmNew
$829,000Active3 beds 3 baths1,400 sq. ft.10752 Hortense #3, North Hollywood, CA 91602
MLS# BB26042007Listed by: EXP REALTY OF CALIFORNIA INC. - Open Sat, 1 to 4pmNew
$679,000Active2 beds 3 baths1,207 sq. ft.11445 Moorpark, Studio City, CA 91602
MLS# SR26047688Listed by: COLDWELL BANKER REALTY