5663 Case Ave, NoHo Arts District
CASH COW, OPP. ZONE NEW CONST. 5-UNIT | 6.38% CAP RATE
Off-market new construction 5-unit in prime North Hollywood offering a 6.38% cap rate, NON-RSO, and Opportunity Zone tax benefits. Features a rare unit mix: one 6-bed (2,356 SF), three 5-beds, and one 4-bed—all with luxury finishes, separate meters, and a 1-year builder’s warranty. Located on a rapidly gentrifying street with strong rental demand and minimal expenses, this is a high-performing, low-maintenance asset in one of LA’s fastest-growing rental markets.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
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Parking:
Rent Control:
$3,995,000
Fourplex + ADU
Pre-Market
5
2025
6.38%
12.54
$318,540/Year (Pro Forma)
9,722 sqft
6,985 sqft
$410.92
$799,000
1 x 6b/5b, 1x 5b/5b, 1, 5b/3b, 1x 5b/4.5b,
1x 4b/4b
Yes
8 Parking Spots (2 Garage Spaces & 6
Exterior Spaces) +2 Possible Bonus Spaces
No
Other Features:
PRE-COFO OPP. ZONE, NO RENT CONTROL
The Highlights
NO RENT CONTROL!
OPPORTUNITY ZONE- major tax benefits (consult with your CPA).
Located 3 minutes from the ultra trendy and highly sought after NoHo Arts District- a major draw for A+ tenants!
Outstanding projected cap rate of 6.38%! Cash cow.
MASSIVE units with premium floorplans.
The best curb appeal you'll find on this rapidly gentrifying street!
Boasts high-end, modern finishes.
Diverse unit mix of three 5 bedrooms, one 4 bedroom, and one 6 bedroom! High income producing property!
Tons of balconies with awe-inspiring views of the city.
All units separately metered for electric AND water (no gas on property)! Very low expenses!
Dream 1031 exchange opportunity. Ready to close!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments from NoHo’s top destinations! Near NoHo West, the Metro Red Line, the Arts District, and major mixed-use developments!
The Neighborhood
<15-Minute Walk
The Magnolia Grille, NoBAR, Lawless Brewing Co., Ralphs, Tamashii Ramen House, Amsterdam Café, Amazing Thai Cuisine, Blazing Hot Chicken, Tequilas Burbank, The Road Theatre Company, Idle Hour
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Porto’s Bakery & Cafe, Laemmle NoHo7, North Hollywood Park, The Good Nite
<$15 Uber Ride
Disney Studios, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, Granville, City Kitchen, Target, Tiki No, Humble Bird, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen
Contact
Lauren Cearley
213.302.8662
Property Presented By:
