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Listing Agent: Chris Sidlow CalDRE: 02016020 - Redfin, 949-228-0794
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

5617 Denny Avenue,  North Hollywood CA, 91601

(Active)
$1,349,800
|
5 beds, 4 Full baths, 1,802 sqft
|
MLS# OC24022576

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Last Updated: 4/30/2024 5:04 AM
Description for 5617 Denny Avenue North Hollywood, CA 91601
Discover the potential of modern living in the heart of North Hollywood with 5617 Denny. This fully renovated, designer 3-bedroom, 2-bathroom single-family home boasts not just one, but two additional units: a charming 1-bedroom, 1-bathroom ADU, and a non-conforming bachelor unit, converted with flair from a recreational room.Step into your own private oasis, complete with a sparkling pool and inviting patio, perfect for entertaining or unwinding after a long day. This property presents a myriad of possibilities, limited only by your imagination.Option 1: Unlock the potential for lucrative rental income. With rents projected conservatively, the demand for well-appointed ADUs and guest houses with pools ensures a steady stream of tenants. Seize the opportunity for a pro forma cap rate OVER 5% and secure a true cash cow investment.Option 2: Embrace resort-like living by transforming this property into a family compound. The ADU and converted rec room, nestled around the pool, offer versatile spaces ideal for offices, game rooms, or cozy retreats. The 1-bedroom ADU is a dream haven for grandparents, house guests, or grown children, adding an extra layer of comfort and privacy.Option 3: Experience the ultimate blend of luxury and financial savvy by residing in the upscale front home while letting tenants in the detached units offset the mortgage. It's the perfect harmony of personal indulgence and smart investment.From the sleek finishes and stainless-steel appliances to the prime location just moments away from the vibrant NoHo Arts District and Toluca Woods, 5617 Denny embodies a deal you simply can't afford to miss. Come home to a lifestyle of unparalleled elegance and endless possibilities.
Price
$1,349,800
Los Angeles
5
4 Full
1,802 (approx)
OC24022576
Active
Description
Discover the potential of modern living in the heart of North Hollywood with 5617 Denny. This fully renovated, designer 3-bedroom, 2-bathroom single-family home boasts not just one, but two additional units: a charming 1-bedroom, 1-bathroom ADU, and a non-conforming bachelor unit, converted with flair from a recreational room.Step into your own private oasis, complete with a sparkling pool and inviting patio, perfect for entertaining or unwinding after a long day. This property presents a myriad of possibilities, limited only by your imagination.Option 1: Unlock the potential for lucrative rental income. With rents projected conservatively, the demand for well-appointed ADUs and guest houses with pools ensures a steady stream of tenants. Seize the opportunity for a pro forma cap rate OVER 5% and secure a true cash cow investment.Option 2: Embrace resort-like living by transforming this property into a family compound. The ADU and converted rec room, nestled around the pool, offer versatile spaces ideal for offices, game rooms, or cozy retreats. The 1-bedroom ADU is a dream haven for grandparents, house guests, or grown children, adding an extra layer of comfort and privacy.Option 3: Experience the ultimate blend of luxury and financial savvy by residing in the upscale front home while letting tenants in the detached units offset the mortgage. It's the perfect harmony of personal indulgence and smart investment.From the sleek finishes and stainless-steel appliances to the prime location just moments away from the vibrant NoHo Arts District and Toluca Woods, 5617 Denny embodies a deal you simply can't afford to miss. Come home to a lifestyle of unparalleled elegance and endless possibilities.
Listing Information
Property Type: Single Family, 1 Story
5 4 Full
0.17 Acres Assessor 1,802 (approx)
1954 1
Public
Septic Tank
Neighborhood
School Information
District: Los Angeles Unified
Room Information
Bathrooms: Main Level: 4
4
Main Level: 5, Total: 5
Laundry Closet
Interior Features
Dishwasher,Gas Oven,Refrigerator
Central Air
Other, Central
No Common Walls
street level front doors
Living Room
Granite Counters,Recessed Lighting,All Bedrooms Down,Bedroom on Main Level
Exterior / Lot Features
3 Parking Spaces, 0 Covered Parking Spaces, Driveway
Private
Private
Other
LAR2
Updated/Remodeled
0-1 Unit/Acre
Driving Directions
Denny Ave between Burbank Blvd and Hatteras St
Financial Considerations
2415018008
Cash,Cash to New Loan,Conventional,Submit
Listing Price History

North Hollywood Real Estate

North Hollywood is located in California. North Hollywood, California 91601 has a population of 162,197.

The median household income in North Hollywood, California 91601 is $59,872. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in North Hollywood 91601 is 38 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
4/19/2024 Active $1,349,800  USD  -0.01% MLS info
4/10/2024 Active $1,349,880  USD  -6.90% MLS info
2/1/2024 Active $1,450,000  USD  11.54% MLS info
12/22/2021 Sold $1,300,000  USD  public records
Tax History (Sourced from Public Records)
year Property Taxes Change Tax Assessment Change
2023 $16,218   USD 4.91% $1,326,000   USD 2.00%
2022 $15,459   USD 53.68% $1,300,000   USD 56.45%
2021 $10,059   USD -1.00% $830,954   USD -
2020 $10,161   USD 0.47% $830,954   USD 1.04%
2019 $10,113   USD 1.17% $822,434   USD 2.00%
Listing Agent: Chris Sidlow CalDRE: 02016020 - Redfin, 949-228-0794
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 4/30/2024 5:04 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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