5743 Case North Hollywood, CA 91601
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26091875
HOA Y/N No
Year Built 2018
Annual Tax Amount $32,348
Lot Size 6,973 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Interior Features All Bedrooms Up, Bedroom on Main Level, Main Level Primary
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Parking Features Assigned, Door-Multi, Garage, Gated, Side By Side
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights, Neighborhood
Total Parking Spaces 12
Private Pool No
Building
Lot Description Back Yard, Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2337028019
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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