CA > North Hollywood
North Hollywood, CA 91601,5550 Denny AVE
Sue "Susie" Bruning-Hughes
Sue "Susie" Bruning-Hughes

Agent | License ID: 01910550

+1(562) 260-0588

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$ 2,400,000

$ 2,100,000 14.3%

Est. payment | /mo

11 Beds

11 Baths

6,068 SqFt

$ 2,400,000

$ 2,100,000 14.3%

Est. payment | /mo

11 Beds

11 Baths

6,068 SqFt

Key Details

Sold Price $2,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,068 sqft

Price per Sqft $395

MLS Listing ID 24439055

Sold Date 12/20/24

Bedrooms 11

HOA Y/N No

Year Built 1964

Lot Size 10,654 Sqft

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 Nho - North Hollywood

Zoning LAR1

Interior

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Assigned, Gated, Uncovered

Community Features Gated

Total Parking Spaces 8

Building

Lot Description Landscaped

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2416018033

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Henry Garcia • Real Broker
Bought with Kelly Morgan • KW Advisors
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+1(562) 260-0588

susiehughesreg@gmail.com

6201 E Bayshore Walk, Long Beach, CA, 90803, USA

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5550 Denny AVE