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NoHo Arts 2018-Built, Fully Leased Fourplex 5743 Case Ave 4 Unit Apartment Building $3,306,000 CAD ($826,500 CAD/Unit) 5.23% Cap Rate North Hollywood, CA 91601
Investment Highlights
- 2018 construction with seven years of proven rental history and consistent performance
- Each unit includes 3 parking spaces, featuring a private side-by-side 2-car garage with direct access into the unit plus an additional space in front!
- All 3 bedroom unit mix averaging over 1,130 SF, ideal for long-term tenants
- True 5.23% cap rate generating $125K NOI with stable, predictable income
- Separately metered units with an efficient, low-expense operating profile
- Prime NoHo Arts District location near the North Hollywood Metro Station, dining, and everyday retail conveniences
Executive Summary
The 2-4 Unit Specialists are pleased to present 5743 Case, a 2018-built, fully leased fourplex in the heart of the North Hollywood Arts District offering a 5.23% cap rate, $125,530 NOI, and seven years of proven, stable operations. Each unit includes 3 parking spaces, featuring a private side-by-side 2-car garage with direct access into the unit plus an additional space in front of the garage, a rare amenity that materially drives tenant demand and retention.
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.
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$231,420
|
$51.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,257
|
$2.05
|
| Effective Gross Income |
$222,163
|
$49.11
|
| Taxes |
$44,559
|
$9.85
|
| Operating Expenses |
$8,492
|
$1.88
|
| Total Expenses |
$53,052
|
$11.73
|
| Net Operating Income |
$169,112
|
$37.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $231,420 |
| Annual Per SF | $51.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,257 |
| Annual Per SF | $2.05 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $222,163 |
| Annual Per SF | $49.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $44,559 |
| Annual Per SF | $9.85 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,492 |
| Annual Per SF | $1.88 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,052 |
| Annual Per SF | $11.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $169,112 |
| Annual Per SF | $37.38 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Double Pane Windows
- Freezer
- Handrails
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 4 | - | 1,125 - 1,141 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2337-028-019 | Total Assessment | $3,117,646 CAD |
| Land Assessment | $1,714,706 CAD | Annual Taxes | $44,559 CAD ($9.85 CAD/SF) |
| Improvements Assessment | $1,402,940 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2337-028-019
Land Assessment
$1,714,706 CAD
Improvements Assessment
$1,402,940 CAD
Total Assessment
$3,117,646 CAD
Annual Taxes
$44,559 CAD ($9.85 CAD/SF)
Tax Year
2025
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NoHo Arts 2018-Built, Fully Leased Fourplex | 5743 Case Ave
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