5753 Case Avenue

North Hollywood, CA 91601

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.

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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.