1617 N Fuller Avenue,Los Angeles, CA 90046
Los Angeles, CA 90046
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.
Details
| MLS# | 24455673 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 189 |
| Listing Provided By | Keller Williams Realty Calabasas 818-657-6500 | Alex Galuz |
Features
| Bed(s) | 62 |
|---|---|
| Bath(s) | 72 |
| SQ Feet | 42,399 |
| Story(s) | 4 |
| Units | 60 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.62 |
| Property View | Yes |
Market Activity 90046
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90046 |
| Area | C20 Hollywood |
| Listing VS Median (in 90046) | |
Price: $18,500,000 low | high Med: $2,750,000 SqFt: 42,399 low | high Med: 3,950 $ / SqFt: $436 low | high Med: $696 On site: 189 low | high Med: 358.000000 | |