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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$2,400,000

Est. payment - /mo

12 Beds

9 Baths

6,976 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26091875

Bedrooms 12

Lot Size 6,976 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

5743 Case is a 2018-built, fully leased fourplex in the heart of the North Hollywood Arts District offering a 5.23% cap rate, $125,530 NOI, and seven years of proven, stable operations. Each unit includes 3 parking spaces, featuring a private side-by-side 2-car garage with direct access into the unit plus an additional space in front of the garage, a rare amenity that materially drives tenant demand and retention. The property consists of four large 3 bedroom units averaging over 1,130 SF, each separately metered and equipped with in-unit laundry and modern, low-maintenance finishes. Floorplans are significantly larger and more functional than typical new construction, with open kitchens, spacious living areas, oversized bedrooms, high ceilings and large, deep closets. Unlike many newer builds that sacrifice livability for bedroom count, these units offer true usability, which is reflected in consistent occupancy and long-term tenancy! The asset produces $168,000 in gross income with zero loss-to-lease and a strong average rent of $3.09/SF, demonstrating in-place rents that are aligned with the current market. Operating expenses remain efficient at approximately 23.5% of income, supporting a clean, predictable yield with minimal management needs! Located minutes from the North Hollywood Metro Station and in the NoHo Arts District, the property benefits from immediate access to major employment hubs, transit, and a dense live-work-play environment. Nearby conveniences including Trader Joe's and Target, along with top dining such as Idle Hour and The Front Yard, continue to d

Location

State CA

County Los Angeles

Zoning Assessor

Direction From the Hollywood Freeway (US-101), exit at Vineland Avenue, head north, then turn right on Case Avenue. Property will be on yo

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 2337028019

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Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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5743 Case North Hollywood, CA 91601

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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