Listed by 949-228-0794 - Chris Sidlow - DRE #02016020 - Redfin 877-973-3346 Listing Courtesy of: DRE #02125446
$1,349,800 affordable loan icon Calculate Payment

5617 Denny Avenue North Hollywood, CA 91601

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Single Family Residence
5 Beds
4 Baths
1,802 Sq. Ft.
0.17 Acre Lot

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Last updated on 4/29/2024 11:20 AM
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 fla...ir 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. Continue reading
MLS#
OC24022576
Property Type
Single Family
Status
Bedrooms
5
Bathrooms
4 Full
Year Built
1954
Square Feet
1,802 sq. ft
Lot Size
0.17
Stories
1.0
Sewer
Holding Tank

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Listed by 949-228-0794 - Chris Sidlow - DRE #02016020 - Redfin 877-973-3346 Listing Courtesy of: DRE #02125446
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 4/29/2024 11:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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