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$1,355,880

Beds
5
Baths
3.25
sq ft
1,802

5617 Denny Ave, North Hollywood, CA 91601

5617 Denny Ave

North Hollywood, CA 91601

  • 5 days on market
Step into a world of opportunity at 5617 Denny Ave, a beautifully renovated property designed to be both an investor’s dream and a family haven. This stunning 3-bedroom, 2-bath single-family home comes with not just one, but two additional living spaces: a 1-bedroom/1-bathroom ADU and a non-conforming bachelor unit (formerly a rec room). Whether you’re seeking a high-yield rental property or a personal retreat, 5617 Denny offers flexibility, charm, and cash flow potential wrapped into one package. From the moment you arrive, you’ll notice the resort-like atmosphere, complete with a sparkling pool and a cozy patio perfect for outdoor entertaining. With everything fully renovated and move-in ready, the possibilities are endless. You could move in yourself or begin renting immediately—no downtime required. Your Personal Retreat: A Family Compound to Call Home If you dream of a private sanctuary, 5617 Denny can serve as your very own family compound. The 1-bed/1-bath ADU is perfect for guests, grandparents, or grown children, offering them privacy while keeping them close. Meanwhile, the converted rec room—a charming cottage by the pool—could become anything you want: an office, game room, pool house, or extra bedroom. Everything revolves around the inviting pool and lush patio, creating a space where you can work, relax, entertain, and make lasting memories. The Best of Both Worlds – Live & Earn Why choose between living in comfort and earning rental income when you can have both? Move into the designer front home while renting out the two detached units to offset your mortgage. With separate entrances for all units, you’ll enjoy privacy while still benefiting from steady rental income. It’s the perfect setup for anyone looking to maximize lifestyle and investment returns. Prime Location with Everything at Your Doorstep Located just minutes from the NoHo Arts District and Toluca Woods, 5617 Denny offers access to vibrant restaurants, entertainment, shopping, and easy freeway connections. Whether you're commuting to work, exploring the local arts scene, or just enjoying the neighborhood's charm, this property’s location puts you at the heart of it all. With high demand for well-priced ADUs and guest cottages featuring pools, opportunities like this are rare. 5617 Denny Ave offers not just a place to live or rent, but a place to thrive—financially and personally. Don’t let this opportunity slip away—

Details

Property type

Single Family Residence

Est. home value

$1,623,954

Property condition

Updated/Remodeled

Lot size

7,430 sq ft

Price per sq ft

$753

Year built

1954

Price History

10/16/2024
CRMLS

CRMLS #OC24213164

Listed
$1,355,880
+0.45%
06/12/2024
CRMLS

CRMLS #OC24022576

Removed
$1,349,800
04/19/2024
CRMLS

CRMLS #OC24022576

Price change
$1,349,800
-0.01%

Schools & Community

Neighborhood: 

North Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Suburban

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$334,361
Asking price
$1,355,880
Closing costs (~8% of asking)
-$108,470
Est. remaining loan balance
-$913,049
Cash to seller
$334,361

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

C2C Brokers Inc

Loan start date

December 2021

Original loan amount

$970,800

Est. remaining balance

$913,049

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Timothy Wild

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/20/2024 at 11:30 PM

Listing updated: 10/20/2024 at 3:55 PM

Listed by: Brandon Hobbs, EQTY Forbes Global Properties Phone #: (949) 438-4908

MLS: CRMLS #OC24213164

CRMLS logo