5325 Denny Avenue, North Hollywood, CA 91601
  • MLS#: CV24211689 ( Apartment )
  • Street Address: 5325 Denny Avenue
  • Viewed: 2
  • Price: $7,780,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1989
  • Bldg sqft: 0
  • Days On Market: 35
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91601
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present the Denny Avenue Apartments, a prime 17 unit multifamily investment opportunity located at 5325 Denny Avenue in North Hollywood. Situated within a short drive of the thriving NOHO Arts District, this property benefits from its strategic position between Magnolia Boulevard and Chandler Boulevard, as well as its proximity to major freeways (101, 170 and 134). The Denny Avenue Apartments offer investors a rare chance to acquire a superbly maintained and well situated asset in a highly sought after neighborhood. Denny Avenue Apartments consist of 15,314 of rental square feet on a 13,500 square foot lot and features mature lush landscaping, on site laundry, secured parking garage, and a beautiful courtyard with BBQ area and outdoor seating. Units have been updated and feature modern kitchens with stainless steel appliances, dishwashers, vaulted high ceilings in the second story units, HVAC central air conditioning, ceiling fans, horizontal blinds, balconies, fireplaces and laminate plank wood and carpet flooring throughout. North Hollywoods strategic location within Southern California makes it a haven for working professionals. The city boasts convenient access to not just the 101, 170 and 134 freeways, but also the 405 and 210, connecting residents to all of Los Angeles County, Ventura County, and beyond. The thriving NOHO Arts District fosters a dynamic community, while top employers like Universal Studios and Warner Bros. attract a strong talent pool. Residents also enjoy close proximity to iconic landmarks within a 20 mile radius, including the Huntington Library, Griffith Observatory, Dodger Stadium, and the Hollywood Walk of Fame. This combination of cultural attractions, career opportunities, and convenient transportation makes North Hollywood a highly sought after place to live. Denny Avenue Apartments is a prime North Hollywood income producing property and a great long term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first time purchaser, seasoned investor, or a 1031 exchange buyer.
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Features
Building Area Total
  1. 15314.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 2984.00
Fuel Expense
  1. 1020.00
Garage Spaces
  1. 17.00
Gardner Expense
  1. 630.00
Heating
  1. Central
Insurance Expense
  1. 10200.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 310824.00
Newtaxesexpense
  1. 95416.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 3400.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 2416023025
Pest Control Expense
  1. 1291.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 43241.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 425065801:CRM
Spa Features
  1. None
Totalactualrent
  1. 496284.00
Totalexpenses
  1. 203225.00
Trash Expense
  1. 11340.00
Vacancyallowance
  1. 15898
Water Sewer Expense
  1. 13816.00
Water Source
  1. Public
Year Built
  1. 1989
Year Built Source
  1. Assessor
Zoning
  1. LAR3