5753 Case AVE, North Hollywood, CA 91601
5753 Case AVE, North Hollywood, CA 91601
5753 Case AVE, North Hollywood, CA 91601
5753 Case AVE, North Hollywood, CA 91601
5753 Case AVE, North Hollywood, CA 91601
5753 Case AVE, North Hollywood, CA 91601
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Sarah Dettmann

Sarah Dettmann

+1(760) 826-9818
$ 2,299,000
Est. payment | /mo

12 Beds

9 Baths

4,676 SqFt

Save
$ 2,299,000
Est. payment | /mo
Save

12 Beds

9 Baths

4,676 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,676 sqft

Price per Sqft $491

MLS Listing ID 26996941

Bedrooms 12

HOA Y/N No

Year Built 2018

Lot Size 6,973 Sqft

Lot Dimensions Assessor

Property Description

Exceptional opportunity to acquire a modern, 2018-built fourplex in a desirable North Hollywood location, offering the appeal of contemporary townhouse-style living with strong income potential and minimal anticipated near-term capital improvements. Offered at $2,299,000, 5753 Case Avenue features four spacious three-bedroom residences, each with its own private attached garage, providing a level of privacy, convenience, and functionality rarely found in traditional apartment buildings. Situated on a 6,972 SF lot, the 4,524 SF property includes three 3-bedroom/2-bathroom units and one 3-bedroom/2.5-bathroom unit. Thoughtfully designed interiors feature dramatic vaulted ceilings, abundant natural light, wood-style flooring, gourmet kitchens with stainless steel appliances, central heating and air conditioning, and in-unit washers and dryers. Each residence benefits from its own attached garage, with a total of eight parking spaces across the property. These desirable amenities, combined with the property's newer construction, create an attractive residential offering in the competitive North Hollywood rental market. The property offers compelling investment fundamentals, with projected annual Gross Operating Income of $159,780 and pro forma Net Operating Income of $113,169, based on estimated annual expenses of $46,611. At the asking price of $2,299,000, this represents a 4.9% pro forma capitalization rate and 14.39 gross rent multiplier. Three units are currently occupied, while the fourth will be delivered vacant, providing an immediate opportunity to establish market rent or potentially accommodate an owner-user. The combination of existing rental income, newer construction, and the vacant unit offers investors flexibility and the opportunity to enhance returns.Ideally located near the vibrant NoHo Arts District, the property provides convenient access to an array of restaurants, entertainment, shopping, and cultural attractions. The Metro B Line, Hollywood Burbank Airport, and nearby 170 and 101 freeways offer excellent connectivity to Burbank, Studio City, Toluca Lake, and the greater Los Angeles area. Combining modern construction, spacious three-bedroom floor plans, private attached garages, and attractive pro forma financial performance, 5753 Case Avenue represents a distinctive opportunity to acquire a well-appointed multifamily investment in one of the San Fernando Valley's established rental markets.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Parking Features Garage

View Y/N Yes

View City Lights

Building

Story 2

Entry Level Two

Architectural Style Modern

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 2337028017

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Will Tiao The Collective Realty #01918965
Sarah Dettmann

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 826-9818

sarah@sphsd.com

2535 Camino del Rio S, San Diego, CA 92108-3754, USA

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5753 Case AVE