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.
Mls | 24439055 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Pending |
Year | 1964 |
Days On Site | 90 |
Listing Provided By | Real Broker 619-663-8680 | Henry Garcia |
Beds | 11 |
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Baths | 11 |
Sq Feet | 6,068 |
Storys | 2 |
Units | 8 |
Buildings | 1 |
Zoning | LAR1 |
Acreage | 0.24 |
State | CA |
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County | Los Angeles |
City | North Hollywood |
Zip Code | 91601 |
Area | NHO North Hollywood |
Listing VS Median (in 91601) | |
Price: $2,100,000 low | high Med: $724,450 SqFt: 6,068 low | high Med: 1,237 $ / SqFt: $346 low | high Med: $592 On Site: 90 low | high Med: 47.000000 |