5651 Case Avenue, North Hollywood (los Angeles), CA 91601

• 9,127 sqft

Property Description

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 $24,100/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 5.6% CAP rate 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 crafts

Listing Status:

Active

Date Added:

July 11, 2025 at 05:00AM

Listing Office:

Hollywood Estates : 310-704-1794

Listing Agent:

Oliver Thornton : 310-704-1794

MLS ID:

CL25563547

Interior

• Appliances: Dryer
• Laundry: DryerWasher
• A/C: Central Air
• Heating: Other

Exterior

• Parking: TandemOtherPrivate

Location

• County: Los Angeles

Lot

• Zoning: LARD2337029017

This listing courtesy of Oliver Thornton, Hollywood Estates