5550 Denny Ave - Apartments FOR SALE


North Hollywood, CA 91601
$2,100,000 USD
818-309-3935
5550 Denny Ave, North Hollywood, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/6
null | 7.1% Cap Rate

5550 Denny Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Prime NoHo Location
  • 7.10% CAP on scheduled rents
  • Great mix of 1 & 2 bedrooms units

OVERVIEW

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 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 with all new copper plumbing and a new roof. All electrical panels are currently being replaced. The property has an attractive unit mix of one and two bedrooms units and is separately metered for gas and electricity. At list price, this has an attractive 7.1% CAP with an additional 13% rental upside.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

7.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LAR1

APN/PARCEL ID

2416-018-033

ASK ABOUT THIS PROPERTY

Henry GarciaLA Apartment GroupMore Info
818-309-3935

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

Henry GarciaLA Apartment GroupMore Info
818-309-3935

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