NOT LISTED FOR SALE

5022 Denny Ave North Hollywood, CA 91601

North Hollywood Neighborhood

Estimated Value: $1,244,000 - $1,621,059

4 Beds
3 Baths
2,697 Sq Ft
$528/Sq Ft Est. Value

Last Sold July 11, 2017

Last sale price $1,000,000 $371 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,714/month

19 Days on Market

About This Home

As of July 2017

Zoned RD 1.5 The property is in Rent Control. Great Opportunity for 6 Units Development. Charming triplex located in the heart of the NoHo Arts District. The front 2 Bedroom unit includes a spacious den an ample living area as well as an attached 1 car garage. The additional two, 1 Bedrooms units are also detached and each has their own one car garage. This property has 2 separate driveways that service the back units. Each of the tow back properties has their own access and may use their driveway for additional parking. Located just minutes from Magnolia Blvd, which features many amenities such as; bars, restaurants and shopping. Easy access for commuters as this desirable area is also conveniently located near the Metro line and major freeways. All units are currently leased. Property addresses are 5020, 5022, 5024- the last of which fronts the street.
PROPERTY IS TO BE SOLD AS IS, IN IT'S CURRENT CONDITION WITH NO REPAIRS OR TERMITE WORK COMPLETED

Last Agent to Sell the Property

Ramin Favakehi

Ramin Favakehi, Broker License #01006682 Listed on: 05/31/2017

Last Buyer's Agent

Sean Daryani

RE/MAX of Santa Clarita License #01267316

RE/MAX of Santa Clarita

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,900

Year Built

  • Built in 1930

Lot Details

  • 9,976 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • 2,697 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 5473
  • Assessor Parcel Number 2419011013

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,100
  • New Taxes Expense $10,125
  • Operating Expense $16,225
  • Gross Income $32,388
  • Net Operating Income $24,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,900

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2100.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2419011013
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 370.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9976.00

Multi Family

  • Gross Income: 32388.00
  • Gross Scheduled Income: 32388.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 24500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8000.00
  • Rent Control: Yes
  • Total Expenses: 16225.00

Tax Info

  • New Taxes Expense: 10125.00
  • Tax Census Tract: 1255.01
  • Tax Lot: 25
  • Tax Tract Number: 5473

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2022
Sold by
Kardjian and Silva
Bought by
5022 Denny Development Llc
Current Estimated Value
$1,423,765

Purchase Details

Listed on
May 31, 2017
Closed on
Jun 28, 2017
Sold by
Ghouchani Mohammad Gharavi and Pasdar Afkhamolsadat Habibi
Bought by
Kardjian Vahe and Kardjian Silva
Seller's Agent
Ramin Favakehi
Ramin Favakehi, Broker
Buyer's Agent
Sean Daryani
RE/MAX of Santa Clarita
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%

Purchase Details

Listed on
Jan 5, 2017
Closed on
Feb 2, 2017
Sold by
Voorhis Chris and The Joe J Mason Trust
Bought by
Ghouchani Mohammad Gharavi and Pasdar Afkhamolsadat Habibi
Seller's Agent
Jeremy Hart
Forecast Realty Inc.
Buyer's Agent
Ramin Favakehi
Ramin Favakehi, Broker
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.56%
Original Mortgage
$560,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 1998
Sold by
Mason Joe J and Mason Family Trust
Bought by
Mason Joe J and Joe J Mason Trust

Purchase Details

Closed on
Apr 10, 1997
Sold by
Mason Joe J and Mason Eva A
Bought by
Mason Joe J and Mason Eva A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
5022 Denny Development Llc -- None Listed On Document
Kardjian Vahe -- None Listed On Document
Kardjian Vahe $1,000,000 Fatcola
Ghouchani Mohammad Gharavi $810,000 Wfg National Title Company
Mason Joe J -- --
Mason Joe J -- --
Mason Joe J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ghouchani Mohammad Gharavi $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2017 07/11/17 Sold $1,000,000 -9.1% $371 / Sq Ft
06/19/2017 06/19/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $1,100,000 +35.8% $408 / Sq Ft
03/01/2017 03/01/17 Sold $810,000 -4.7% $300 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $850,000 -- $315 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,900 $1,137,825 $796,478 $341,347
2024 $13,900 $1,115,515 $780,861 $334,654
2023 $13,634 $1,093,643 $765,550 $328,093
2022 $13,006 $1,072,200 $750,540 $321,660
2021 $12,843 $1,051,177 $735,824 $315,353
2020 $12,971 $1,040,400 $728,280 $312,120
2019 $12,463 $1,020,000 $714,000 $306,000
2018 $12,307 $1,000,000 $700,000 $300,000
2016 $3,758 $289,961 $223,056 $66,905
2015 $3,707 $285,607 $219,706 $65,901
2014 $3,740 $280,014 $215,403 $64,611
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ramin Favakehi

    Ramin Favakehi, Broker

    (949) 929-2630

    5 Total Sales

    Ramin Favakehi
    Section Image

  • J

    Seller's Agent in 2017

    Jeremy Hart

    Forecast Realty Inc.

    (310) 781-2000

    15 Total Sales

    Jeremy Hart
    Section Image
  • Roger Hart

    Seller Co-Listing Agent in 2017

    Roger Hart

    Forecast Realty Inc.

    (310) 781-2000

    57 Total Sales

    Roger Hart
    Section Image
  • Sean Daryani

    Buyer's Agent in 2017

    Sean Daryani

    RE/MAX

    (661) 702-4601

    12 Total Sales

    Sean Daryani
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17121693

California Regional Multiple Listing Service (CRMLS)

APN: 2419-011-013

California Los Angeles County North Hollywood 91601 North Hollywood

5022 Denny Ave, North Hollywood, CA

This home is located at 5022 Denny Ave, North Hollywood, CA 91601 since 31 May 2017 and is currently estimated at $1,423,765, approximately $527 per square foot. This property was built in 1930. 5022 Denny Ave is a home located in Los Angeles County with nearby schools including Toluca Lake Elementary School, Walter Reed Middle, and East Valley Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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