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1617 N Fuller Avenue

Los Angeles (City), CA 90046
  • $22,995,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: 22185081
Price Reduced
UPDATED: 63 min ago
$22,995,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Alex Galuz of Keller Williams Realty Calabasas (818-657-6500)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T22:32:00.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131492567
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1617 N Fuller Avenue Los Angeles (City), CA 90046

  • Price: $22,995,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 63 min ago
  • ID#: 22185081
0
Beds
0
Baths
0
½ Baths
0.62
Acres
1965
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
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.
Exterior Features

Parking Features AssignedControlled EntranceCoveredGatedCommunity Structure Parking Total 65

Interior Features

Appliances Disposal Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Income 1165660 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 678598 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T22:32:00.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Alex Galuz of Keller Williams Realty Calabasas (818-657-6500)