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5550 Denny Ave North Hollywood, CA 91601
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Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,068 sqft
Price per Sqft $395
MLS Listing ID 24-439055
Bedrooms 11
Year Built 1964
Lot Size 10,653 Sqft
Property Sub-Type Multi-Family
Property Description
This 8 unit apartment building is located in the heart of North Hollywood, and just a few blocks from the NoHo Arts District. 5550 Denny Ave is surrounded by single family homes in a low density street with both onsite and offsite parking. The property has great curb appeal with all new concrete, new entrance gate and planters. Per the Seller, in 2019 the building was updated to all new copper plumbing and a new roof . All electrical panels are currently be replaced. This property has an attractive unit mix of one & two bedroom units, and is separately metered for gas and electricity. At list price, this has an attractive 6.32% CAP with an additional 25% rental upside.
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LAR1
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Microwave, Range/Oven, Dishwasher
Laundry In Unit
Exterior
Parking Features Uncovered, Assigned, Gated
Garage Spaces 8.0
Building
Lot Description Landscaped
Story 2
Water Public
Others
Special Listing Condition Standard
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Bought with KW Advisors