North Hollywood, CA 91601,5325 Denny AVE
North Hollywood, CA 91601,5325 Denny AVE
North Hollywood, CA 91601,5325 Denny AVE
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$7,780,000
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0.31 Acres Lot
Active

5325 Denny AVE North Hollywood, CA 91601

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UPDATED:

10/11/2024 10:18 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV24211689

HOA Y/N No

Year Built 1989

Lot Size 0.310 Acres

Property 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 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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 17.0

Garage Description 17.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 17

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2416023025

Energy Description 1020.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717

Sean Glaze

Broker | License ID: 01394201

+1(626) 975-4104

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5325 Denny AVE