1617 North Fuller Avenue
$18,500,000
62
72
42,399
42,399
$436
Description
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 30 years. Rents are 50 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has lobby - 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. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries...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 30 years. Rents are 50 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has lobby - 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. Walk score here 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.
- Listed by Alex Galuz • DRE #01291486 • Brokerage DRE #01125362 • Keller Williams Realty Calabasas
Property Details for 1617 North Fuller Avenue
Zoning
LAR3
StyleContemporary
Parcel Number5550016020
Total Units60.0
Living Area42399
Source Living AreaVendor Enhanced
AreaHollywood (C20)
Vacancy Rate3%
LISTING UPDATED: 10/30/2024 12:01 AM
Property Details for 1617 North Fuller Avenue
Status | Active |
---|---|
MLS # | 24-455673 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1965 |
Lot Size | 0.62 AC / 27,129 SF |
County | Los Angeles County |
Building Information for 1617 North Fuller Avenue
Stories4Residences-Year Built1965Building Size-Lot Size0.62 AC / 27,129 SF
Property Information for 1617 North Fuller Avenue
Property History for 1617 North Fuller Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1617 North Fuller Avenue
Taxable ValueLand$791,520Additions$3,678,592Total$4,470,112
Tax Record2024$59,053 ($4,921 / month)
Home Facts
Total Finished SqFt42,399 SqFtAbove Grade Finished SqFt42,399 SqFtLot Size27,121 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN5550-016-020
Schools near 1617 North Fuller Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Gardner Street Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Hollywood Senior High School Public9 to 12 | ||
Larchmont Charter School CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.