5151 Denny Ave
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5151 Denny Ave
4 Unit Apartment Building $1,299,992 ($324,998/Unit) 3.26% Cap Rate North Hollywood, CA 91601
Executive Summary
Prime NoHo Arts District property! This LARD1.5 zoned building, situated south of Magnolia, offers 4 units, each featuring 1 bedroom and 1 bathroom. Each unit boasts a private yard and private laundry. The property includes two 2-car garages. Ideal for investors seeking a valuable addition in a highly desirable location. Seize this opportunity to own a versatile property in a thriving neighborhood.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,175
|
$27.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,175
|
$27.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,762
|
$9.81
|
| Net Operating Income |
$42,413
|
$17.51
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $66,175 |
| Annual Per SF | $27.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,175 |
| Annual Per SF | $27.32 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $23,762 |
| Annual Per SF | $9.81 |
| Net Operating Income | |
|---|---|
| Annual | $42,413 |
| Annual Per SF | $17.51 |
Property Facts Under Contract
| Price | $1,299,992 | Apartment Style | Low Rise |
| Price Per Unit | $324,998 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 3.26% | Building Size | 2,422 SF |
| Gross Rent Multiplier | 19.64 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Price | $1,299,992 |
| Price Per Unit | $324,998 |
| Sale Type | Investment |
| Cap Rate | 3.26% |
| Gross Rent Multiplier | 19.64 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,422 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1941 |
| Parking Ratio | 2/1,000 SF |
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
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Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 2419-009-018 | Improvements Assessment | $139,384 (2024) |
| Land Assessment | $459,984 (2024) | Total Assessment | $599,368 (2024) |
PROPERTY TAXES
Parcel Number
2419-009-018
Land Assessment
$459,984 (2024)
Improvements Assessment
$139,384 (2024)
Total Assessment
$599,368 (2024)
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5151 Denny Ave
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