5736 Case Avenue

North Hollywood, CA 91601

$2,399,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $404 / sqft

2020

calendar_month Built

Property Description

5736 Case is a FULLY LEASED 2020 CONSTRUCTION luxury fourplex with a remarkable 5.49% cap rate. It is located in the trendy NoHo Arts District walking distance to all the local hotspots, including the Whole Foods development coming soon! The property is made up of four 3 bedroom, 3 bathroom units that are master leased for 2 years with an option to extend 3 years, at $14,000 per month (with 3% annual increases built in), with a $28,000 security deposit. These units are NOT subject to rent control! So enjoy the freedom, profit and peace of mind that comes with high market rents when you purchase this building. Other perks include: a 1 year builder’s warranty, brand new EVERYTHING, little to no maintenance, and separate meters for gas, water & electric! 5736 Case is made up of two beautifully designed 3-story duplexes, each with phenomenal views off the balconies! All four units have OVERSIZED tandem 2-car garage with tons of extra storage space, a feature that is on the top of tenants’ lists. The units feature: laundry hookups in each unit, mega-sized closets with built-ins, stainless steel appliances, high quality finishes, upscale modern kitchens, stunning bathrooms and extremely spacious floor plans!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate, Tile
Interior Information
Features Balcony, High Ceilings, Open Floorplan, Recessed Lighting, Storage
Cooling Type Central Air

Listing Information

Address 5736 Case Avenue
City North Hollywood
State CA
Zip 91601
County Los Angeles
Listing Agent Elizabeth Maddox DRE#01921425
Co-Listing Agent Ian Maddox DRE#02030205
Courtesy Of The 2-4 Unit Specialists
MLS BB20100044
Close Price $2,399,000
Close Date Thursday, August 27th, 2020
Status Closed
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 6,000
Year Built 2020
DOM 62

Exterior Information

Maps

Listing information courtesy of: Elizabeth Maddox, Ian Maddox, The 2-4 Unit Specialists . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 27th, 2020 at 12:22 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.