Discover the potential of modern living in the heart of North Hollywood with 5617 Denny. This fully renovated, designer 3-bedroom, 2-bathroom single-family home boasts not just one, but two additional units: a charming 1-bedroom, 1-bathroom ADU, and a non-conforming bachelor unit, converted with flair from a recreational room.Step into your own private oasis, complete with a sparkling pool and inviting patio, perfect for entertaining or unwinding after a long day. This property presents a myriad of possibilities, limited only by your imagination.Option 1: Unlock the potential for lucrative rental income. With rents projected conservatively, the demand for well-appointed ADUs and guest houses with pools ensures a steady stream of tenants. Seize the opportunity for a pro forma cap rate OVER 5% and secure a true cash cow investment.Option 2: Embrace resort-like living by transforming this property into a family compound. The ADU and converted rec room, nestled around the pool, offer versatile spaces ideal for offices, game rooms, or cozy retreats. The 1-bedroom ADU is a dream haven for grandparents, house guests, or grown children, adding an extra layer of comfort and privacy.Option 3: Experience the ultimate blend of luxury and financial savvy by residing in the upscale front home while letting tenants in the detached units offset the mortgage. It's the perfect harmony of personal indulgence and smart investment.From the sleek finishes and stainless-steel appliances to the prime location just moments away from the vibrant NoHo Arts District and Toluca Woods, 5617 Denny embodies a deal you simply can't afford to miss. Come home to a lifestyle of unparalleled elegance and endless possibilities.
Single family home in prime NoHo Arts District, bordering Toluca Lake. This contemporary home features 3 bedrooms with ensuite baths, plus a powder room. Open living concept with a great flow between spacious kitchen, dining area and living room. Beautiful oak hardwood floors throughout, balcony off the living room, and a roof top terrace with great views. Two-car attached garage.
**LAST HOME AVAILABLE** Canvas at NoHo was designed to be more than a collection of nine stunning, single-family homes. They were designed to be the Canvas on which you will artfully express the next phase of your life. Located just blocks away from the inspiring NoHo Arts District, which is home to more than 20 professional theaters, dance studios, art galleries, music recording venues, quality dining options, and specialty shops. The NoHo Arts District is the creative heart of North Hollywood and the epicenter for your next adventure. These sleek, modern homes reflect North Hollywoods creative vibrancy, while providing quiet tranquility to enjoy life, rather than simply exist. Every room here is a palette to shape and shade the moments of your life, coloring your memories for years to come. The first level has a two-car garage and a full bedroom and ensuite bath that is ideal for an office, roommate or a short term rental unit. Yes, short term rentals are allowed! The black metal railings accompany you to the 2nd floor open living space featuring high ceilings, abundant natural light and a powder bathroom with the same cabinets and countertops as the kitchen. Speaking of, your inner chef will adore the kitchen, complete with quartz waterfall countertops, ample Kirsch cabinets with soft-close hinges and Frigidaire professional appliances that includes the refrigerator and dishwasher. The floating stairs up to the third floor are stunningly architectural and lead to a huge main bedroom with a large walk-in closet and ensuite bathroom featuring a black framed shower enclosure that is fed by a tankless water heater. The third bedroom, fourth bathroom and laundry area complete with Electrolux stackable washer and dryer complete this level. If all of this weren't enough, each home has an enormous 4th level rooftop deck with 360 degree views of the Arts District and beyond. Each home has engineered hardwood flooring throughout, with stylish black aluminum double pane windows. And each home is both beautiful and smart! Every floor has a Ubiquity WIFI router, blanketing the entire home in high speed internet. A Ring security system comes standard and the built in indoor and outdoor speakers will allow you to set the perfect vibe for any mood. Here at Canvas, home is just another word for art. Come take a look!
DEVELOPMENT OPPORTUNITY (TOC Tier 1) Existing Single Family home located on a CM-1VL zoned lot with 117 feet of alley access. CM Zone allows for R3 Residential Density and Mixed use development. Buyer to verify potential uses and allowable development opportunities. Potential for 8 units, plus 2 Detached ADU's + 1-4 Attached ADU's. (Opportunity Zone) (State Enterprise Zone) Newer 2016 8 unit apartment building next-door. Located within less than half a mile from the Red Line North Hollywood Station and half a block from the Chandler Blvd Bike Path. Walking distance to the NoHo Arts District. See Private remarks regarding status of home.
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