1617 N Fuller Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90046
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 42,399 sqft
Price per Sqft $436
MLS Listing ID 24-455673
Style Contemporary
Bedrooms 62
Year Built 1965
Lot Size 0.623 Acres
Acres 0.6228
Property Description
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 30 years.Rents are 50 % below market ! The Market Cap Rate is over 8% with a 9 x GRM.Property has lobby - pool- elevator - room to add multiple ADU's , a gym and a roof top deck.The property was built in 1965 but completely renovated in the 1980s. 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 a 10 min drive.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Heat Pump, Electric
Cooling Air Conditioning
Equipment Range/Oven, Elevator, Phone System, Garbage Disposal
Exterior
Parking Features Subterr Tandem, Subterranean
Garage Spaces 65.0
View Y/N Yes
View Green Belt
Building
Story 4
Architectural Style Contemporary
Level or Stories Three Or More
Others
Special Listing Condition Standard