5753 Case AVE North Hollywood, CA 91601

5753 Case Ave is a 2018 construction fourplex located in the center of NoHo’s booming rental market. Enjoy the freedom, profit & peace of mind that come with a non rent-controlled property. For an unbeatable price of $2,095,000, you can obtain a projected 5.69% cap rate! We leased up 5743 Case (the exact same building two doors down) for $3,300, $3,200, $3,200, and $3,200. That shows you this cap rate is real! Also notable is the fact that this property is in a CA Opportunity Zone, which opens buyers up to tax benefits (please consult a tax specialist). California's Department of Finance explains: "Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains."

The property is made up of four 3 bedroom units with incredibly tall vaulted ceilings and ample windows throughout. All units have their own spacious enclosed 2-car garage with plenty of room for extra storage. Entry to each unit is via a ground floor private entrance, making these units all townhome style. The units feature: laundry hookups, upscale kitchens and bathrooms, stainless steel appliances, and all around high quality finishes.

This fourplex is located in the heavily sought after NoHo Arts District, which is home to the most popular arts, dining and nightlife scene in all of the Valley, ensuring a low vacancy rate and nothing but high quality tenants.