$17,700,000

1617 N Fuller Avenue, Los Angeles, CA 90046

  • 42,399 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon0.62acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $417/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Seller finally says Sell! Nearly $1M price reduction ! 5 cap with significant upside and room to convert the recreation rooms into two ADU's. 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 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large 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. Units have central A/C . Walk score 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. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.

Listing Status:
Active
Date Added:
October 22, 2024 at 05:00AM
Listing Office:
Keller Williams Realty Calabasas : 818-657-6500
Listing Agent:
Alex Galuz : 310-466-0888
MLS ID:
CL24455673
  • Heating: ElectricHeat Pump
  • Parking: Below Ground Parking
  • County: Los Angeles
  • Zoning: LAR35550016020
  • View: Park/Greenbelt

This listing courtesy of Alex Galuz, Keller Williams Realty Calabasas

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gardner Street Elementary

7450 Hawthorn Ave, Los Angeles, CA, 90046

Grades PK-5

0.18 miles away

W

West Hollywood Opportunity

1049 N Fairfax Ave, West Hollywood, CA, 90046

Grades 7-12

1.02 miles away

H

Hollywood High School

1521 N Highland Ave, Los Angeles, CA, 90028

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.