5617 Denny Avenue, North Hollywood, CA 91601
Single-family home · 3 recorded sales since 2016
Sold December 2021
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Chris Sidlow · eHomes · MLS #BB21237765 · Source: CRMLS
About this single-family home
5617 Denny is a fully renovated, designer 3 bedroom, 2 bathroom single family home + 1 bedroom/1 bathroom ADU + non-conforming bachelor unit (converted rec room) with a pool and lovely patio! This property will be delivered vacant and offers buyers an unlimited supply of unbeatable options: 1) Rent out the whole property and earn a projected income of $7,150 per month. The current owner has consistently earned over $6,700 a month on 5617 Denny, even during Covid-19. Applications have always come pouring in at the time of any vacancy. Our projected rents are very conservative for the 1b/1b and bachelor and we expect these numbers to likely be surpassed. There is a major lack of inventory of well-priced ADU’s and guest houses with pools, which has led to extreme demand. At a pro forma cap rate OVER 5%, this is your chance to buy a true cash cow! 2) Enjoy this resort-like property as a family compound! Both the ADU and converted rec room are adorable free-standing cottages situated around a large pool. Whether you set up the rec room as an office, game room, pool house, or bedroom, you can’t go wrong. The 1b/1b ADU is a dream come true for grandparents, house guests, grown children, etc. 3) Best of all, live in the upscale front home while having tenants (in detached units) cover the mortgage. The best of both worlds! From the gorgeous finishes and stainless steel appliances to the outstanding location moments from the NoHo Arts District and Toluca Woods, this is a deal you don’t want to miss!
Listing description from the December 2021 sale, as reported to CRMLS.
Sale history
