7100 Fulton Ave - Apartments FOR SALE


North Hollywood, CA 91605
$8,550,000 USD
818-325-4142
7100 Fulton Ave, North Hollywood, CA for Sale
$8,550,000 USD
Apartments - FOR SALE
1/14
null | 4.86% Cap Rate

7100 Fulton Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • • Attractive assumable loan at 3.13% interest rate and due October 2030
  • • Upgraded electric panels - Twenty (20) tuck-under and twenty-one (21) covered parking spaces
  • • Soft Story retrofit has been completed
  • • Mix of (19) 2-bedrooms and (22) 1-bedroom
  • • On-site laundry facilities - On-site leasing office
  • • Spacious central courtyard with pool and barbecue area

OVERVIEW

Park Fulton Apartments is located at 7100 Fulton Avenue in North Hollywood, CA. This well-maintained, rent-controlled complex consists of 41 units, offering a strong and consistent rental income stream. The unit mix at Park Fulton features 22 one-bedroom, one-bath units and 19 two-bedroom, one-bath units, providing a total of approximately 31,790 square feet of rentable living space. The property sits on a sizable 46,156 square foot lot, offering tenants comfortable living conditions with access to open spaces and common amenities. Among the amenities are a refreshing pool and barbecue area, perfect for outdoor relaxation and social gatherings, as well as convenient on-site laundry facilities. Residents also benefit from secure entry and ample parking, with 20 tuck-under spaces and 21 covered spaces available. Additionally, the complex has a dedicated on-site leasing office, ensuring efficient management and tenant services. Each unit at Park Fulton is separately metered for electricity and gas, with individual wall units providing air conditioning and heating. Recent upgrades have been made to the electric panels, and the required soft story retrofit has been successfully completed, ensuring the property’s compliance with current safety standards. With its strong rental demand and numerous upgrades, Park Fulton offers investors an opportunity to acquire a stable, well-maintained property in a dense rental market. Positioned on a dense rental pocket, this property is located south of Sherman Way and west of Coldwater Canyon Avenue. Park Fulton has easy access to the 170 Freeway and is within proximity to the Valley Plaza Park and James Madison Middle School.

FOR SALE DETAILS

PRICE

$8,550,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

41

PRICE/UNIT

$208,537

CAP RATE

4.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assumable Loan at 3.13% due Oct. 2030

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,156 SF

ZONING

LAR3

APN/PARCEL ID

2327-004-027

ASK ABOUT THIS PROPERTY

Reza GhobadiColliersMore Info
818-325-4142

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Reza GhobadiColliersMore Info
818-325-4142

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