1617 Fuller Avenue , Los Angeles, CA - 90046 is For Sale

  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
  • 22185081
$21,995,000· Income property

Description

Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby - pool- elevator - and room to add multiple ADU's , a gym and a roof top deck. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops. This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area. Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within 15 min away. The property was built in 1965 but completely renovated in the 1980's.

Features

MLS#: 22185081
List Price : $21,995,000
Total Units : 60
Gross Operating Income : $1,160,000
Net Operating Income : $675,741
Sq M : 2,520 M2
Year Built : 1965
Days on market : 60 Days
Gross taxes : N/A
Address : 1617 Fuller Avenue
City : Los Angeles
State : CA
Zip Code : 90046
Neighborhood : N/A
Appliances : Disposal
Stories : 4
Parking Features : Assigned, Covered, Controlled Entrance, Community Structure, Gated
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $21,995,000
Acres : 0.6226
Lot Dimensions : 170x160
Lot Size (Acres) : 0.6226
Heating : Wall Furnace
Parking Features : Assigned, Covered, Controlled Entrance, Community Structure, Gated
Driving Directions : North's Sunset Blvd between Fairfax and La Brea
 
Courtesy of : Alex Galuz , Keller Williams Realty Calabasas

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