Denny Avenue Apartments | 5325 Denny Ave
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Denny Avenue Apartments 5325 Denny Ave
17 Unit Apartment Building $10,941,792 CAD ($643,635 CAD/Unit) 4% Cap Rate North Hollywood, CA 91601
Investment Highlights
- Opportunity to Increase Rental Income by up to 14% to Achieve Market Rents
- High Rental Demand Location in the City of North Hollywood
- Superbly-Maintained Property Consisting of ±15,314 Rentable SF; Situated on a ±13,500 SF Lot
- Current 4.00% Cap Rate on Current Income, 4.72% Cap Rate at Market Rents
- Historically High Occupancy
- Diverse Unit Mix Featuring, a Studio + One, Two, and Three-Bedroom
Executive Summary
CBRE is excited to exclusively present the Denny Avenue Apartments, a prime 17-unit multifamily investment opportunity located at 5325 Denny Avenue in North Hollywood. Situated within a short drive of the thriving NOHO Arts District, this property benefits from its strategic position between Magnolia Boulevard and Chandler Boulevard, as well as its proximity to major freeways (101, 170 and 134). The Denny Avenue Apartments offer investors a rare chance to acquire a superbly-maintained and well-situated asset in a highly sought-after neighborhood.
Denny Avenue Apartments consist of ±15,314 of rental square feet on a ±13,500 square foot lot and features mature lush landscaping, on-site laundry, secured parking garage, and a beautiful courtyard with BBQ area and outdoor seating. Units have been updated and feature modern kitchens with stainless steel appliances, dishwashers, vaulted high ceilings in the second story units, HVAC central air conditioning, ceiling fans, horizontal blinds, balconies, fireplaces and laminate plank wood and carpet flooring throughout.
North Hollywood’s strategic location within Southern California makes it a haven for working professionals. The city boasts convenient access to not just the 101, 170 and 134 freeways, but also the 405 and 210, connecting residents to all of Los Angeles County, Ventura County, and beyond. The thriving NOHO Arts District fosters a dynamic community, while top employers like Universal Studios and Warner Bros. attract a strong talent pool. Residents also enjoy close proximity to iconic landmarks within a 20-mile radius, including the Huntington Library, Griffith Observatory, Dodger Stadium, and the Hollywood Walk of Fame. This combination of cultural attractions, career opportunities, and convenient transportation makes North Hollywood a highly sought-after place to live.
Denny Avenue Apartments is a prime North Hollywood income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Denny Avenue Apartments consist of ±15,314 of rental square feet on a ±13,500 square foot lot and features mature lush landscaping, on-site laundry, secured parking garage, and a beautiful courtyard with BBQ area and outdoor seating. Units have been updated and feature modern kitchens with stainless steel appliances, dishwashers, vaulted high ceilings in the second story units, HVAC central air conditioning, ceiling fans, horizontal blinds, balconies, fireplaces and laminate plank wood and carpet flooring throughout.
North Hollywood’s strategic location within Southern California makes it a haven for working professionals. The city boasts convenient access to not just the 101, 170 and 134 freeways, but also the 405 and 210, connecting residents to all of Los Angeles County, Ventura County, and beyond. The thriving NOHO Arts District fosters a dynamic community, while top employers like Universal Studios and Warner Bros. attract a strong talent pool. Residents also enjoy close proximity to iconic landmarks within a 20-mile radius, including the Huntington Library, Griffith Observatory, Dodger Stadium, and the Hollywood Walk of Fame. This combination of cultural attractions, career opportunities, and convenient transportation makes North Hollywood a highly sought-after place to live.
Denny Avenue Apartments is a prime North Hollywood income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$697,974
|
$39.64
|
| Other Income |
$47,345
|
$2.69
|
| Vacancy Loss |
$22,359
|
$1.27
|
| Effective Gross Income |
$722,960
|
$41.05
|
| Taxes |
$134,193
|
$7.62
|
| Operating Expenses |
$151,623
|
$8.61
|
| Total Expenses |
$285,816
|
$16.23
|
| Net Operating Income |
$437,144
|
$24.82
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $697,974 |
| Annual Per SF | $39.64 |
| Other Income (CAD) | |
|---|---|
| Annual | $47,345 |
| Annual Per SF | $2.69 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $22,359 |
| Annual Per SF | $1.27 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $722,960 |
| Annual Per SF | $41.05 |
| Taxes (CAD) | |
|---|---|
| Annual | $134,193 |
| Annual Per SF | $7.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $151,623 |
| Annual Per SF | $8.61 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $285,816 |
| Annual Per SF | $16.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $437,144 |
| Annual Per SF | $24.82 |
Property Facts
| Price | $10,941,792 CAD | Building Class | B |
| Price Per Unit | $643,635 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 15,314 SF |
| Cap Rate | 4% | Average Occupancy | 88% |
| Gross Rent Multiplier | 14.68 | No. Stories | 2 |
| No. Units | 17 | Year Built | 1989 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $10,941,792 CAD |
| Price Per Unit | $643,635 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 14.68 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 15,314 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.11/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,170 CAD | 400 |
| 1+1.5 | 3 | $2,922 CAD | 710 |
| 2+2 | 10 | $3,636 CAD | 950 |
| 3+2 | 3 | $4,395 CAD | 1,100 |
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 2416-023-025 | Total Assessment | $9,850,386 CAD |
| Land Assessment | $5,417,713 CAD | Annual Taxes | $134,193 CAD ($8.76 CAD/SF) |
| Improvements Assessment | $4,432,673 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2416-023-025
Land Assessment
$5,417,713 CAD
Improvements Assessment
$4,432,673 CAD
Total Assessment
$9,850,386 CAD
Annual Taxes
$134,193 CAD ($8.76 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
-
Power Broker Eric Chen -
Justino Faaola -
CBRE, Inc.
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Denny Avenue Apartments | 5325 Denny Ave
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