5736 Case Avenue
$2,399,000

5736 Case Avenue

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!

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Location

5736 Case Avenue, North Hollywood, CA 91601

Status

Sold
Chelsea Shang

Chelsea Shang

TITLE

Realtor®, Team Lead

Property Amenities

Interior
Laundry room Washer Hookup, Gas Dryer Hookup, Inside
Appliances Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Flooring Laminate, Tile
Area & Lot
Lot Area 6,000 Sq.Ft.
MLS® ID BB20100044
Year Built 2020
Type Condo
Status Sold
Exterior
Air conditioning Central Air
Heat type Central
Garage Space 8 garage spaces
Parking 8 total parking spaces
Finance
Sales Price $2,399,000

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