5617 Denny Avenue

North Hollywood, CA 91601

$1,349,800

Listed Price
5

bed Beds

4

shower Baths

1,802 sqft

straighten $749 / sqft

1954

calendar_month Built

Property 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.

Interior Features

Bedroom Information
Bedrooms 5
Bathroom Information
Bathrooms 4
Fireplace Information
Features Living Room
Interior Information
Features Granite Counters, Recessed Lighting
Cooling Type Central Air

Listing Information

Address 5617 Denny Avenue
City North Hollywood
State CA
Zip 91601
County Los Angeles
Listing Agent Chris Sidlow DRE#02016020
Co-Listing Agent Dominick Morra DRE#02125446
Courtesy Of Redfin
MLS OC24022576
List Price $1,349,800
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 1,802
Lot Size 7,430
Year Built 1954
DOM 81

Exterior Information

Other Structures
Structures Guest House,Guest House Detached,Two On A Lot
View Yes

Maps

Listing information courtesy of: Chris Sidlow, Dominick Morra, Redfin . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 20th, 2024 at 3:09 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.