1617 Fuller Avenue , Los Angeles, CA - 90046 is For Sale

  • 24342957
  • 24342957
  • 24342957
  • 24342957
  • 24342957
  • 24342957
  • 24342957
  • 24342957
$18,500,000· Income property

Description

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

MLS#: 24342957
List Price : $18,500,000
Total Units : 60
CAP rate : $4.76
Gross Operating Income : $1,324,981
Net Operating Income : $881,111
Sq M : 2,520 M2
Year Built : 1965
Days on market : 116 Days
Gross taxes : N/A
Address : 1617 Fuller Avenue
City : Los Angeles
State : CA
Zip Code : 90046
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Microwave, Refrigerator
Stories : 4
Parking Features : Controlled Entrance, Covered
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $18,500,000
Acres : 0.6228
Lot Dimensions : 170x160
Lot Size (Acres) : 0.6228
Heating : Forced Air
Parking Features : Controlled Entrance, Covered
Driving Directions : Between Sunset and Hollywood and Between Fairfax and La Brea
 
Courtesy of : Yana Galuz , Keller Williams Realty Calabasas

Location

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).