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1617 N Fuller Ave

Los Angeles, CA 90046
  • $19,995,000
  • STATUS: Active
  • ON SITE: 180 Days
  • MLS #: 22-185081
UPDATED: 40 min ago
$19,995,000
  • 62
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 42,399
    SQFT
  • $472
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2023-01-29T19:42:48.903. 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.
www.deserthouseseekers.com/homes/131490789
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1617 N Fuller Ave Los Angeles, CA 90046

  • Price: $19,995,000
  • Status: Active
  • On Site: 180 Days
  • Updated: 40 min ago
  • MLS #: 22-185081
62
Beds
0
Baths
0
½ Baths
0.62
Acres
42,399
SQFT
$472
$/SQFT
1965
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
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

Lot Size Area 27121 Other Structures None Parking Garage AssignedCovered ParkingControlled EntranceCommunity GarageGated Total Parking 65

Interior Features

Baths Total 72.00 Cooling Air Conditioning Equipment Range/OvenGarbage DisposalIntercomElevator Heating Wall

Property Features

Assessed Total Value 4200472 Gross Income 1195920 Gross Operating Income 1160000 Like Units1 7 Like Units2 9 Like Units3 44 Net Operating Income 701000.00 Number Of Buildings 1 Number Of Units 60 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 451121 Type Of Units 1 And 2 Beds Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Alex Galuz DRE#01291486 of Keller Williams Realty Calabasas: 818-657-6500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T19:42:48.903. 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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Zwemmer Realty Group | Keller Williams Realty
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Indian Wells CA, 92210