NOT LISTED FOR SALE

5551 Denny Ave North Hollywood, CA 91601

North Hollywood Neighborhood

Estimated Value: $853,000 - $1,415,256

3 Beds
2 Baths
1,940 Sq Ft
$621/Sq Ft Est. Value

Last Sold November 13, 2023

Last sale price $815,000 $420 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,401/month

15 Days on Market

Highlights

  • Gated Parking
  • Shed
  • 1-Story Property

About This Home

As of November 2023

First time on the market in 45 years! Attention income property investors and visionary homeowners: Presenting a rare gem in North Hollywood awaiting your touch of TLC! This duplex stands amid a vibrant neighborhood buzzing with new construction and renovation underway. Just glance across the street for a taste. The property boasts a generous flat lot of nearly 7,000 square feet, complemented by close to 2,000 square feet of living space. The front unit, greeting the street, features two bedrooms and one bath, while the rear offers a similar layout with two bedrooms. A garden enthusiast's delight, the backyard is adorned with mature citrus trees and ample space, perfect for nurturing heirloom tomatoes or cultivating year-round seasonal vegetables. This home has been the backdrop for a lifetime of cherished memories by its sellers. Now, it beckons for your artistic vision to rejuvenate its inherent charm and usher in a new era of stories. Considering the upgrades it may need, we've priced it at a competitive cap rate. We've prepared a comprehensive disclosure package, inclusive of inspection reports, to provide a transparent view of the property's current state. North Hollywood, or "NoHo," is Los Angeles's vibrant artistic heart, blending modern chic with Old Hollywood charm. Bursting with theaters, boutiques, and murals, it's a haven for creatives and history buffs alike. NoHo's streets narrate a tale of diverse cultures, inviting exploration and endless inspiration. We're eager to introduce you to the potential of this NoHo jewel. Join us at the open house.

Last Agent to Sell the Property

Glenn Shelhamer

The Shelhamer Real Estate Group License #01950995 Listed on: 10/06/2023

Co-Listed By

Todd Pivetti

Keller Williams Hollywood Hills License #02133855

Last Buyer's Agent

Edward Grigoryan

Compass License #02141065

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,070

Year Built

  • Built in 1936

Lot Details

  • 6,175

Home Design

  • Duplex

Interior Spaces

  • 1,940 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Driveway
  • Gated Parking

Additional Features

  • Shed
  • 6,175 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2416-017-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,070

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1940
  • Lot Acreage: 0.1418
  • Probate: No
  • Year Built: 1936
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 420.10

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Parking Garage: Gated, Driveway

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Percent: 35.58
  • Assessed Improvement Value: 18965
  • Assessed Land Percent: 64.42
  • Assessed Land Value: 34341
  • Total Assessed Value: 53306
  • Assessor Parcel Number: 2416-017-012
  • Lot Size Area: 6175

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Nov 1, 2023
Sold by
Sarkis Zhamaochian
Bought by
Arzumanyan Lilit
Seller's Agent
Glenn Shelhamer
The Shelhamer Real Estate Group
Buyer's Agent
Edward Grigoryan
Compass
List Price
$815,000
Sold Price
$815,000
Views
43
Current Estimated Value
$1,204,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,314
Avg. Annual Appreciation
34.17%

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 24, 2023
Sold by
Carnes Donald B and Carnes Kenneth Michael
Bought by
Arzumanyan Lilit
Seller's Agent
Glenn Shelhamer
The Shelhamer Real Estate Group
Buyer's Agent
Edward Grigoryan
Compass
List Price
$815,000
Sold Price
$815,000
Views
43

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 10, 2023
Sold by
Ringwald Elizabeth Anne
Bought by
Carnes Kenneth Michael
Seller's Agent
Glenn Shelhamer
The Shelhamer Real Estate Group
Buyer's Agent
Edward Grigoryan
Compass
List Price
$815,000
Sold Price
$815,000
Views
43

Purchase Details

Closed on
Jul 26, 2014
Sold by
Carnes Donald B and Carnes Sumiko
Bought by
Carnes Donald B and Carnes Sumiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2007
Sold by
Carnes Donald B and Carnes Sumiko
Bought by
Carnes Donald B and Carnes Sumiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,500
Interest Rate
6.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Arzumanyan Lilit -- Monarch Title
Arzumanyan Lilit $815,000 Monarch Title
Carnes Kenneth Michael -- Monarch Title
Carnes Donald B -- None Available
Carnes Donald B -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carnes Donald B $100,000
Previous Owner Carnes Donald B $405,000
Previous Owner Carnes Donald B $417,000
Previous Owner Carnes Donald B $396,500
Previous Owner Carnes Donald B $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2023 11/13/23 Sold $815,000 0.0% $420 / Sq Ft
10/21/2023 10/21/23 Pending -- -- --
10/19/2023 10/19/23 Off Market $815,000 -- --
10/06/2023 10/06/23 For Sale $815,000 -- $420 / Sq Ft
Source: The MLS

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 $10,070 $831,300 $581,400 $249,900
2024 $10,070 $815,000 $570,000 $245,000
2023 $861 $54,371 $35,027 $19,344
2022 $826 $53,306 $34,341 $18,965
2021 $803 $52,262 $33,668 $18,594
2019 $781 $50,714 $32,670 $18,044
2018 $716 $49,721 $32,030 $17,691
2016 $659 $47,792 $30,787 $17,005
2015 $650 $47,075 $30,325 $16,750
2014 $666 $46,153 $29,731 $16,422
Source: Public Records

Agents Affiliated with this Home

  • Glenn Shelhamer

    Seller's Agent in 2023

    Glenn Shelhamer

    The Shelhamer Real Estate Group

    (310) 913-9477

    2 in this area

    67 Total Sales

    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Todd Pivetti

    Keller Williams Hollywood Hills

    (310) 913-9477

    2 in this area

    19 Total Sales

    Section Image

  • E

    Buyer's Agent in 2023

    Edward Grigoryan

    Compass

    (310) 497-9348

    1 in this area

    11 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 23-318867

The MLS

APN: 2416-017-012

California Los Angeles County North Hollywood 91601 North Hollywood

5551 Denny Ave, North Hollywood, CA

This home is located at 5551 Denny Ave, North Hollywood, CA 91601 since 06 October 2023 and is currently estimated at $1,204,314, approximately $620 per square foot. This property was built in 1936. 5551 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.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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