1617 N Fuller Ave - Apartments FOR SALE


Los Angeles, CA 90046
$18,500,000 USD
310-466-0888
1617 N Fuller Ave, Los Angeles, CA for Sale
$18,500,000 USD
Apartments - FOR SALE
1/12
null | 4.76% Cap Rate

1617 N Fuller Ave
Los Angeles, CA 90046


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

60

PRICE/UNIT

$308,333

CAP RATE

4.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fuller Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,181 SF

ZONING

R5-1, Los Angeles

APN/PARCEL ID

5550-016-020

ASK ABOUT THIS PROPERTY

Alex GaluzKW CommercialMore Info
310-466-0888

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Alex GaluzKW CommercialMore Info
310-466-0888

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