$ 2,400,000
-
$2,400,000
Price -
0
Bed -
0
Bath -
4,525
SqFt
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About the Listing bH5345657 - BB42774,BB42064
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 drive strong tenant demand. With its proven income history, efficient expense profile, rare 3 parking spaces per unit, and larger, tenant-oriented layouts, 5743 Case presents a straightforward opportunity to acquire a stabilized, low-maintenance asset in one of LA's most active rental submarkets.
Listing Highlights
Status
Active
Days on Site
21
Property Type
Multi-Family
MLS ®
BB26091875
Year Built
2018
Total Square Footage
4,525
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Up,Bedroom on Main Level,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: Back Yard,Landscaped,No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 12
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Door-Multi,Garage,Gated,Side By Side
Financial Details
- Tax Amount: $32,348
- Taxes w/Assessments: N/A
- Tax/Property ID: 2337028019
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
5743 Case North Hollywood, CA 91601
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