Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

17

Building size

15,314 sqft

Lot size

13,504 sqft

Year built

1989

Stories

2

Garage spaces

17

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

0

MLS #

247219687

About this property

We are pleased to offer Denny Avenue Apartments, a 17-unit multifamily investment property located at 5325 Denny Avenue in North Hollywood. Positioned near the NOHO Arts District and between Magnolia Boulevard and Chandler Boulevard, the property offers convenient access to major transportation routes, including the 101, 170, and 134 freeways. The property features approximately 15,314 square feet of rentable space situated on an approximately 13,500-square-foot lot. Well maintained throughout, Denny Avenue Apartments includes mature landscaping, an attractive central courtyard with a BBQ area and outdoor seating, on-site laundry facilities, and a secured parking garage. The units have been updated with a range of modern features and finishes. Interior amenities include contemporary kitchens with stainless steel appliances and dishwashers, central HVAC, ceiling fans, horizontal blinds, balconies, fireplaces, and a combination of laminate plank wood and carpet flooring. Second-story residences also feature vaulted high ceilings, adding to the sense of openness within the units. The North Hollywood location provides residents with access to employment centers, entertainment, dining, and cultural destinations throughout the greater Los Angeles area. In addition to nearby access to the 101, 170, and 134 freeways, the property is within reach of the 405 and 210 freeways, creating connections to destinations across Los Angeles County, Ventura County, and surrounding areas. The nearby NOHO Arts District contributes to the area's active mix of entertainment, dining, and creative businesses, while major employers such as Universal Studios and Warner Bros. are also within the broader area. Well-known Southern California destinations within approximately 20 miles include Griffith Observatory, Dodger Stadium, the Hollywood Walk of Fame, and The Huntington Library. With 17 units, updated interiors, established property amenities, and a well-connected North Hollywood location, Denny Avenue Apartments presents an income-producing multifamily investment opportunity with long-term ownership potential. The offering may appeal to a range of investors, including first-time multifamily purchasers, experienced investors, and buyers considering a 1031 exchange.

Location

5325 Denny

Los Angeles, Los Angeles, CA, 91601