Sold for $2,400,000

$2,400,000

5550 Denny Ave, North Hollywood, CA 91601

11beds

11baths

6,068sqft

Multi Family

Built in 1964

-- sqft lot

$2,290,100 Zestimate^®

$396/sqft

$2,181 Estimated rent

Home value

$2,290,100

$2.06M - $2.54M

$2,181/mo

Zestimate^® history

Owner options

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$2,181/mo

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$2,181/mo

Rent Zestimate^®

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$15,250/mo

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$15,250/mo

Est. payment

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What's special

New entrance gateGreat curb appeal

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 11

Heating

Wall

Cooling

Wall Unit(s)

Appliances

Included: Microwave, Range/Oven, Dishwasher
Laundry: In Unit

Interior area

Total structure area: 6,068
Total interior livable area: 6,068 sqft

Property

Parking

Total spaces: 8
Parking features: Open, Assigned, Gated
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 10,654 Square Feet
Features: Landscaped

Details

Additional structures: None
Zoning: LAR1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1964

Utilities & green energy

Water: Public

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Gated

Location

Region: North Hollywood

Financial & listing details

Price per square foot: $396/sqft
Tax assessed value: $453,958
Date on market: 9/13/2024

Price history

Date	Event	Price
12/20/2024	Sold	$2,400,000+14.3%$396/sqft
Source: CLAW #24-439055 Report a problem
11/1/2024	Pending sale	$2,100,000$346/sqft
Source: CLAW #24-439055 Report a problem
9/13/2024	Listed for sale	$2,100,000+19%$346/sqft
Source: CLAW #24-439055 Report a problem
8/29/2023	Sold	$1,765,000+4.1%$291/sqft
Source: CRMLS #SR23103480 Report a problem
7/19/2023	Pending sale	$1,695,000$279/sqft
Source: CRMLS #SR23103480 Report a problem
6/13/2023	Listed for sale	$1,695,000$279/sqft
Source: CRMLS #SR23103480 Report a problem
2/27/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/20/2021	Listed for rent	$1,450
Source: Zillow Rental Manager Report a problem