6828 Fulton Ave - Apartments FOR SALE


North Hollywood, CA 91605
$2,280,000 USD
818-381-6601
6828 Fulton Ave, North Hollywood, CA for Sale
$2,280,000 USD
Apartments - FOR SALE
1/13
null | 5.52% Cap Rate

6828 Fulton Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • High Demand Rental Location
  • Located On Major Thoroughfare
  • Seismic Retrofitting Completed
  • On-Site Parking with Storage
  • Potential Rental Upside
  • Individually Metered For Gas & Electric

OVERVIEW

Located in the heart of North Hollywood, 6828 Fulton Ave presents a rare opportunity to acquire a well-maintained, high-demand rental property in one of the most sought-after submarkets of Los Angeles. This 10-unit building offers a diverse unit mix consisting of one single, five 1-bedroom, 1-bath units, one 2-bedroom, 2-bath unit, and three 3-bedroom, 2-bath units, making it an ideal option for a variety of tenants, from students and professionals to families. The property features on-site parking with storage, a highly desirable amenity that enhances tenant appeal and convenience. Positioned along a major thoroughfare, the property benefits from high visibility and easy accessibility. Investors will appreciate the recent new roof installation and completed seismic retrofitting, ensuring structural integrity and reducing future maintenance costs. Additionally, the building is individually metered for gas and electricity, helping to minimize owner expenses while maximizing operational efficiency. The property's prime location offers unparalleled access to shopping, dining, and transit options, with the CA-170 Freeway just minutes away for seamless connectivity across the city. It is also a short distance from Los Angeles Valley College, making it a desirable rental option for students and faculty. The surrounding area continues to experience strong rental demand, providing significant upside potential for investors looking to increase rents over time. With a strong tenant base, excellent location, and long-term value appreciation, 6828 Fulton Ave is an exceptional multifamily investment in North Hollywood.

FOR SALE DETAILS

PRICE

$2,280,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

10

PRICE/UNIT

$228,000

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,261 SF

ZONING

R3-1, N. Hollywood

APN/PARCEL ID

2327-007-007

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.