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5551 Denny Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 3 bed, 2 bath

5551 Denny Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,395,000
5551 Denny Avenue, North Hollywood, California 91601
3Beds
2Baths
1,940Sqft
6,177Lot
Year Built
1936
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$719
HOA
-
Days on market
-
Sold On
-
MLS number
25499151
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(64th), sqft - 1940(64th), beds - 3(50th), baths - 2(50th).

This newly remodeled duplex is a prime rental investment in a rapidly growing neighborhood with new construction and renovations underway. Sitting on a generously sized lot with close to 2,000 square feet of living space, the property offers two brand new updated units, one with two bedrooms and one bathroom and one with 1 bedroom 1 bathroom. Both units feature modern kitchens with included appliances (to be installed by the seller), along with stylish bathrooms with updated fixtures. Recent upgrades include new plumbing, roof, and electrical systems, ensuring long-term reliability. With its prime location near amenities, schools, and public transportation, this property offers excellent rental potential and minimal maintenance for years to come.

Condition Rating
Excellent
Despite being built in 1936, this duplex has undergone a comprehensive and recent renovation, as described by 'newly remodeled' and 'brand new updated units.' The images confirm modern kitchens with new white shaker cabinets, quartz countertops, and contemporary fixtures, along with stylish bathrooms featuring updated vanities, tiling, and fixtures. Key systems like plumbing, roof, and electrical have been replaced, indicating a thorough update. The flooring appears to be new LVP throughout, and recessed lighting is prevalent. While appliances are 'to be installed,' they are included, and the overall condition reflects virtually new components meeting current quality standards.
Pros & Cons

Pros

Duplex Configuration & Income Potential: The property is a newly remodeled duplex offering two distinct units (2 bed/1 bath and 1 bed/1 bath), providing excellent rental income potential in a rapidly growing neighborhood.
Extensive System Upgrades: Recent major upgrades to plumbing, roof, and electrical systems ensure long-term reliability and significantly reduce immediate maintenance concerns for an investor.
Modern Interior Finishes: Both units feature brand new updated interiors with modern kitchens, stylish bathrooms, and updated fixtures, making them highly appealing to prospective tenants.
Prime Location: Situated in a rapidly growing North Hollywood neighborhood with convenient access to amenities, schools, and public transportation, enhancing desirability and rental demand.
Generously Sized Lot: The property sits on a generously sized lot, offering ample outdoor space and potential for future enhancements or development, such as an ADU (Accessory Dwelling Unit), subject to local regulations.

Cons

Significant Price Discrepancy: The listing price of $1,395,000 is substantially higher than the estimated property value of $828,643, which may indicate potential overpricing or require a strong justification for the premium.
Unspecified Cooling System: The property description highlights various upgrades but does not mention the presence of a cooling system (e.g., central AC), which could be a significant drawback for tenants during hot California summers.
Appliances Not Yet Installed: While included, the fact that appliances are 'to be installed by the seller' means they are not currently in place, which could delay tenant move-in or require additional coordination post-purchase.

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