6705 Denny Avenue, North Hollywood, California 91606, North Hollywood, 91606 - bed, bath
ACTIVE$995,000
6705 Denny Avenue, North Hollywood, California 91606
0Bed
0Bath
1,620Sqft
6,250Lot
Year Built
1944
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$614
HOA
-
Days on market
-
Sold On
-
MLS number
BB25096096
Home ConditionFair
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $995.0K(43th), sqft - 1620(14th), beds - undefined(50th), baths - undefined(50th).
Two units with APPROVED PLANS for 2 additional ADU's. ADU's: 981 SF EACH, 2 Bedrooms, 2 Bath EACH, 2 Story. Current duplex: each unit has 2 bedrooms, 1 bath with approx 810 SF Each. No waiting for City approvals. Time to break ground
Nearby schools
5/10
Fair Avenue Elementary School
Public,•K-5•0.6mi
4/10
Oxnard Street Elementary School
Public,•K-5•0.9mi
8/10
Providencia Elementary School
Public,•K-5•1.2mi
3/10
Maurice Sendak Elementary School
Public,•K-5•1.3mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.3mi
8/10
Bret Harte Elementary School
Public,•K-5•1.4mi
5/10
Victory Boulevard Elementary School
Public,•K-5•1.6mi
5/10
Bellingham Elementary School
Public,•K-5•1.9mi
6/10
Lankershim Elementary School
Public,•K-5•2.0mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•2.0mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•2.2mi
7/10
Toluca Lake Elementary School
Public,•K-5•2.3mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•2.4mi
5/10
Strathern Street Elementary School
Public,•K-5•2.5mi
6/10
John B. Monlux Elementary School
Public,•K-5•2.7mi
7/10
Rio Vista Elementary School
Public,•K-5•3.1mi
6/10
Luther Burbank Middle School
Public,•6-8•1.1mi
4/10
Roy Romer Middle School
Public,•6-8•1.8mi
6/10
Walter Reed Middle School
Public,•6-8•3.0mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.3mi
6/10
Arroyo Seco Museum Science
Public,•K-8•11.2mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.1mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.3mi
3/10
East Valley Senior High School
Public,•9-12•1.5mi
8/10
North Hollywood Senior High School
Public,•9-12•2.2mi
7/10
Burroughs High School
Public,•9-12•2.6mi
8/10
Burbank High School
Public,•9-12•2.8mi
6/10
John H. Francis Polytechnic
Public,•9-12•3.0mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•3.1mi
Condition Rating
Fair
Built in 1944, this property is aged. While functional, the kitchen features dated tile countertops, older cabinets, and worn flooring. The bathroom also exhibits an outdated tile vanity and fixtures. Light fixtures are older, and heating appears to be via a wall heater, suggesting a lack of modern HVAC. Hardwood floors are present but show wear. The property is livable but requires significant cosmetic updates and modernization to meet contemporary standards, aligning with the 'Fair' condition category.
Pros & Cons
Pros
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Approved ADU Development: The property includes pre-approved plans for two substantial 2-bedroom, 2-bath, 2-story ADUs (981 SF each), significantly de-risking and accelerating future development.
Immediate Income Generation: Already configured as a duplex, the property provides existing rental income from two 2-bedroom, 1-bath units, offering immediate cash flow.
High-Growth Investment Potential: The combination of existing income and approved expansion offers a clear path to substantial increased cash flow and property value appreciation.
Expedited Development Timeline: The phrase 'No waiting for City approvals. Time to break ground' highlights a critical advantage, saving the buyer considerable time and bureaucratic hurdles.
Desirable North Hollywood Location: Situated in a vibrant and sought-after area of North Hollywood, ensuring strong rental demand and potential for long-term appreciation.
Cons
Age of Existing Structures: Built in 1944, the current duplex units may require significant capital expenditure for modernization, repairs, or deferred maintenance to maximize rental appeal.
Substantial Construction Costs: While ADU plans are approved, the buyer will incur significant costs for the actual construction of the two ADUs, representing a major financial undertaking beyond the purchase price.
Potential for Tenant Disruption: The construction of two new ADUs on the property could lead to noise, inconvenience, and potential temporary vacancies or tenant turnover for the existing duplex units.