5550 Denny Ave, North Hollywood, CA 91601
Sale Price: $2,400,000
Sep 13, 20246,068 sqft11 beds11 baths
Listed by: Henry Garcia
License #: 01303784
Phone #: 818-309-3935
Real Broker
Source:
MLS #: 24439055
Property Description
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.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$46,980
TurboHome Estimated Value
$2,616,000
$431 sqft
High Valuation
$2,746,800
$453/sqft
Normal Valuation
$2,616,000
$431/sqft
Low Valuation
$2,485,200
$410/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $431/sqft | $2,616,000 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: North Hollywood
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Comparative Value
$1.94M
$2.05M
$2.10M
$2.40M
11264 Morrison St, North Hollywood, CA 91601
Sale Price: $1,940,000
Selected Comparable
11356 Erwin St, North Hollywood, CA 91606
Sale Price: $2,047,000
Selected Comparable
5550 Denny Ave, North Hollywood, CA 91601
List Price: $2,100,000
Subject Property
5550 Denny Ave, North Hollywood, CA 91601
Sale Price: $2,400,000
Selected Comparable
Neighborhood Comps
Subject Property
SUBJECT5550 Denny Ave, North Hollywood, CA 91601
List: $2,100,000
Listed: 9/13/2024
Area:6,068 sqft
Price/sqft:$346
Beds:11
Baths:11
Year Built:—
Lot Size:10,653
Comparable Properties
COMPARABLEChoose comps
5550 Denny Ave, North Hollywood, CA 91601
Sale: $2,400,000
12/20/2024 • 0.00 mi
Area:6,068 sqft
Price/sqft:$396
Beds:11
Baths:11
Year Built:—
Weight:46.5%
11264 Morrison St, North Hollywood, CA 91601
Sale: $1,940,000
11/8/2024 • 1.02 mi
Area:5,802 sqft
Price/sqft:$334
Beds:12
Baths:12
Year Built:—
Weight:27.6%
11356 Erwin St, North Hollywood, CA 91606
Sale: $2,047,000
8/29/2024 • 1.14 mi
Area:6,461 sqft
Price/sqft:$317
Beds:12
Baths:12
Year Built:—
Weight:25.9%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5550 Denny Ave, North Hollywood, CA 91601 | $2,100,000 | 6,068 | $346 | 10,653 | — | 9/13/2024 | 11 | 11 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5550 Denny Ave, North Hollywood, CA 91601 | $2,400,000 | 6,068 | $396 | 10,653 | 0.00 mi | 12/20/2024 | 11 | 11 | — | 46.5% | |
| 11264 Morrison St, North Hollywood, CA 91601 | $1,940,000 | 5,802 | $334 | 6,500 | 1.02 mi | 11/8/2024 | 12 | 12 | — | 27.6% | |
| 11356 Erwin St, North Hollywood, CA 91606 | $2,047,000 | 6,461 | $317 | 7,577 | 1.14 mi | 8/29/2024 | 12 | 12 | — | 25.9% |
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