$2,400,000
$2,100,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
11 Baths
6,068 SqFt
SOLD DATE : 12/20/2024
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,068 sqft
Price per Sqft $395
MLS Listing ID 24439055
Sold Date 12/20/24
Bedrooms 11
HOA Y/N No
Year Built 1964
Lot Size 10,654 Sqft
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.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Microwave
Exterior
Parking Features Assigned, Gated, Uncovered
Community Features Gated
Total Parking Spaces 8
Building
Lot Description Landscaped
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2416018033
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Special Listing Condition Standard
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Bought with Kelly Morgan • KW Advisors
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Broker Associate | Lic# 01905244