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23-Bedroom Residential Income - 5651 Case Avenue, North Hollywood, CA

$3,695,000

5651 Case Avenue, North Hollywood, CA

MLS# 26998011

5651 Case Avenue, North Hollywood, CA 91601 - $3,695,000 · 23 bd 20 ba Multi-Family Home for Sale, photo 1 5651 Case Avenue, North Hollywood, CA 91601 - $3,695,000 · 23 bd 20 ba Multi-Family Home for Sale, photo 2 5651 Case Avenue, North Hollywood, CA 91601 - $3,695,000 · 23 bd 20 ba Multi-Family Home for Sale, photo 3 5651 Case Avenue, North Hollywood, CA 91601 - $3,695,000 · 23 bd 20 ba Multi-Family Home for Sale, photo 4 5651 Case Avenue, North Hollywood, CA 91601 - $3,695,000 · 23 bd 20 ba Multi-Family Home for Sale, photo 5
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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.

Property details

Bedrooms
23
Bathrooms
20
Square feet
9,127
Year built
2025
Property type
Residential Income
Lot size
6,986 sqft

Location

5651 Case Avenue • North Hollywood, CA 91601

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Listing Agent

Oliver Thornton

DRE #: 01969227

Brokerage: Hollywood Estates

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Sale history for 5651 Case Avenue → (2 recorded sales)

CRMLS

MLS# 26998011

Listed: 10/8/2026 7:56 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/15/2026 12:14 AM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Hollywood Estates

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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