5550 Denny Avenue, North Hollywood, CA 91601

About this property

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.

Listing description from the December 2024 sale, as reported to CRMLS.

Sale history

$2,400,000

Sold December 2024 · listed $2,100,000, on market September 2024 · MLS #24439055 · Source: CRMLS

Listing Agent: Henry Garcia · Listing Office: Real Broker · Contact: 619-663-8680 · Bought with: Kelly Morgan · KW Advisors

$1,765,000

Sold August 2023 · listed $1,695,000, on market June 2023 · MLS #SR23103480 · Source: CRMLS

Listing Agent: Braemon Hanes · Listing Office: Hanes Investment Rlty · Contact: 818-865-8305 · Bought with: Braemon Hanes · Hanes Investment Rlty

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