5651 Case Avenue, North Hollywood, CA 91601

North Hollywood
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
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:1 day(s) ago
  • Updated:October 08, 2026 at 11:35 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:$3,695,000
  • Price per sq. ft.:$404.84

Features and amenities

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

Parking

  • Total parking spaces:9
  • Parking description:Attached Carport, Carport, Driveway, Garage, Private, Tandem
  • Garage:Yes
Based on information from California Regional Multiple Listing Service, Inc. as of October 8, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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