5325 Denny Ave - Apartments FOR SALE


North Hollywood, CA 91601
$7,780,000 USD
909-418-2071
5325 Denny Ave, North Hollywood, CA for Sale
$7,780,000 USD
Apartments - FOR SALE
1/39
null | 4% Cap Rate

5325 Denny Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Opportunity to Increase Rental Income by up to 14% to Achieve Market Rents
  • Current 4.00% Cap Rate on Current Income, 4.72% Cap Rate at Market Rents
  • High Rental Demand Location in the City of North Hollywood
  • Historically High Occupancy
  • Superbly-Maintained Property Consisting of ±15,314 Rentable SF; Situated on a ±13,500 SF Lot
  • Diverse Unit Mix Featuring, a Studio + One, Two, and Three-Bedroom

OVERVIEW

CBRE is excited to exclusively 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 Hollywood’s 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.

FOR SALE DETAILS

PRICE

$7,780,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

17

PRICE/UNIT

$457,647

CAP RATE

4%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,500 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2416-023-025

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.