5651 Case Ave, North Hollywood, CA, 91601
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.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 2025
Type & Style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Freezer,Microwave,Washer,Refrigerator,Range/Oven
Bedrooms & Bathrooms
- Bedrooms: 23
- Bathrooms: 20
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 9,127
- Total interior livable area: 9,127 sqft
Property
Details
- Parcel number: 2337029017
- Zoning: LARD1.5
- Special condition: Standard
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Lot size: 6,987 sqft
- Lot size dimensions: 50 x 140
Parking
- Total spaces: 10
- Parking features: Carport,Attached Carport,Driveway,Private,Tandem
- Has uncovered spaces: Yes
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,200 | $242,400 |
| Home Insurance * | $670 | $8,040 |
| Property Taxes | $4,007 | $48,084 |
| Electricity | $1,957 | $23,485 |
| Total | $26,834 | $322,008 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-06 | Listed for sale | $3,995,000 |
| 2026-02-03 | Listing removed | $3,995,000 |
| 2025-07-11 | Listed for sale | $3,995,000 |
| 2025-07-11 | Listing removed | $3,995,000 |
| 2025-03-21 | Price change | $3,995,000 |
| 2025-02-19 | Listed for sale | $4,100,000 |
| 2023-10-10 | Sold | $1,495,000 |
| 2022-09-23 | Sold | $1,200,000 |
| 2010-08-10 | Sold | $400,000 |
| 2010-06-26 | Listed for sale | $399,900 |
| 2010-05-14 | Sold | $280,000 |
| 2010-02-19 | Listed for sale | $299,000 |
| 2005-12-21 | Sold | $551,000 |
| 2004-01-15 | Sold | $25,000 |
| 1993-09-10 | Sold | $135,000 |
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