About 1617 N Fuller Ave
Trophy Value Add Multifamily Investment Opportunity in Prime Hollywood Hills area of Los Angeles. This property has been in the same family for over 30 years. Rents are nearly 100 % below market. Property has a nice lobby, Pool and lounge area, elevator service and room for a gym and business center or convert to ADU's. Property was built in 1965 but fully renovated in the 1980's. Walk score is 94. Premiere hiking trails are nearby as well as all Hollywood Blvd and Sunset Blvd entertainment venues and eateries. Metro line is only a 15 min walk away. Easy access to Downtown LA and the San Fernando Valley. Netflix, Gower and Nickelodeon Studios are nearby as well and Capital Records. This is an amazing rental area in one of the most trendy and walkable neighborhoods in LA.
Features of 1617 N Fuller Ave
| MLS® # | 24-342957 |
|---|---|
| Price | $18,500,000 |
| Units | 60 |
| Bedrooms | 62 |
| Bathrooms | 72.00 |
| Square Footage | 42,399 |
| Acres | 0.62 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 1617 N Fuller Ave |
|---|---|
| Area | Hollywood |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90046 |
Amenities
| Parking Spaces | 65 |
|---|---|
| Garages | Controlled Entrance, Covered Parking, Gated Underground |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Air Conditioning |
| Fireplace | No |
| # of Stories | 4 |
| Has Basement | No |
Additional Information
| Date Listed | January 2nd, 2024 |
|---|---|
| Days on Market | 136 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 4.76 |
| Actual Annual Gross Rent | $1,365,960 |
| Actual Annual Gross Income | $1,365,960 |
| Gross Operating Income | $1,324,981 |
| Net Operating Income | $881,111 |
Unit 1 Details
| Baths | 1.00 |
|---|---|
| Rent | $10,695 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $21,027 |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $81,658 |
Listing Details
| Agent | Yana Galuz (01454066) |
|---|---|
| Office | Keller Williams Realty Calabasas |