Active
1617 N Fuller Ave
Los Angeles CA, 90046
$18,500,000
$436.33 per sqft
Active
62 Beds
72 Baths
42,399 sqft
Multi-family
Built in 1965
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.
22-185081
MLSⓇ ID
August 1, 2022
Listed
September 20, 2023
Updated
Map
1617 N Fuller Ave
Los Angeles CA, 90046
Interior Features
Total Stories
4
Bedrooms
62 Beds
Bathrooms
72 Baths
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.62 acres
Exterior Features
None
Other Property Details
Days on Market
330
Garage
Yes
Parking
Assigned, Covered Parking, Controlled Entrance, Community Garage, Gated
Parking Total
65
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Courtesy of Alex Galuz with Keller Williams Realty Calabasas
Listing Contact:
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©2023 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/20/2023
