5627 Denny Avenue

    North Hollywood, CA 91601
    • $1,850,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: SR19232276
    UPDATED: 51 min ago
    $1,850,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,712
      SQFT
    • $324
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    5627 Denny Ave in North Hollywood is located between Vineland Ave and Cahuenga Blvd off of Burbank Blvd in the developing part of North Hollywood. This seven unit apartment building sits on a 13,068 Sq. Ft. Lot and has 5,712 Sq. Ft. of rentable square footage. The building is comprised of (5) Five (1) One Bedroom and (1) One Bath Units and has (2) Two (2) Two Bedroom and (1) One Bath Units. There is on-site parking and on-site laundry for tenant convenience. Denny also Individually metered for gas and electricity. There is tremendous rental upside making this a great long term investment. Built in 1957 the property is subject to rent control.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T16:32:59.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.
    www.amayarealestategroup.com/homes/99477959

    5627 Denny Avenue North Hollywood, CA 91601

    • Price: $1,850,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: SR19232276
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    5,712
    SQFT
    $324
    $/SQFT
    1950
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    5627 Denny Ave in North Hollywood is located between Vineland Ave and Cahuenga Blvd off of Burbank Blvd in the developing part of North Hollywood. This seven unit apartment building sits on a 13,068 Sq. Ft. Lot and has 5,712 Sq. Ft. of rentable square footage. The building is comprised of (5) Five (1) One Bedroom and (1) One Bath Units and has (2) Two (2) Two Bedroom and (1) One Bath Units. There is on-site parking and on-site laundry for tenant convenience. Denny also Individually metered for gas and electricity. There is tremendous rental upside making this a great long term investment. Built in 1957 the property is subject to rent control.
    Exterior Features

    Garage Spaces 2.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.58 Community Features Urban Country Us Electric Expense 2640.00 Elevation Units Feet Fuel Expense 2640.00 Gross Income 107949.00 Gross Multiplier 16.62 Gross Operating Income 107949.00 Gross Scheduled Income 111288.00 Insurance Expense 1999.00 Land Lease YN No Laundry YN Yes Net Operating Income 66247.00 New Construction YN No New Taxes Expense 23125.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 0 Number With Range 7 Operating Expense 41702.00 Operating Expense Percent 37.50 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 41702.00 Trash Expense 1260.00 Vacancy Allowance 3339 Vacancy Allowance Rate 3.00 Water Sewer Expense 2640.00 Water Source Public Year Built Source Other Zoning Lar2

    Listing provided courtesy of James Antonucci of Keller Williams Realty-Studio City and Michael Pesci of Keller Williams Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T16:32:59.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.
     
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