1617 North Fuller Avenue

Los Angeles, CA 90046

$18,500,000
Price
62
Beds
72
Baths
42,399 Sq. Ft.
$436 / Sq. Ft.
42,399
Sq. Ft.
$436
per Sq. Ft.

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.
  1. Listed by Alex Galuz • DRE #01291486 • Brokerage DRE #01125362 • Keller Williams Realty Calabasas

Property Details for 1617 North Fuller Avenue

Zoning
LAR3
Style
Contemporary
Parcel Number
5550016020
Total Units
60.0
Living Area
42399
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
3%
LISTING UPDATED: 10/30/2024 12:01 AM

Property Details for 1617 North Fuller Avenue

StatusActive
MLS #24-455673
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.62 AC / 27,129 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 60
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: 1 bedrooms
  • View: Yes
  • View Description: Green Belt
  • View: Park/Greenbelt
  • Direction Faces: East
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $1,295,500
  • Net Operating Income: $866,000.00
  • Gross Income: $1,334,604,000
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $13.90
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 428500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.6228
  • Lot Size Square Feet: 27129
  • Lot Size Dimensions: 170x160
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Subterr Tandem, Subterranean
  • Total Parking: 65
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Air Conditioning
  • Heating: Heat Pump, Electric
  • Heating Type: Heat Pump, Electric
  • Equipment: Range/Oven, Elevator, Phone System, Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,775.00
  • Unit Actual Rent: $12,425.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,140.00
  • Unit Actual Rent: $19,260.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 9
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,729.00
  • Unit Actual Rent: $76,082.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 44
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,594,169.00
  • Assessed Improvement Percent: 82.24
  • Assessed Land Value: $776,000.00
  • Assessed Land Percent: 17.76
  • Assessed Total Value: $4,370,169.00

Property History for 1617 North Fuller Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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1617 North Fuller Avenue is a multi-family home for sale in Los Angeles, CA 90046. This property was listed for sale on October 22, 2024 by Keller Williams Realty Calabasas, it's currently listed at $18,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 1617 North Fuller Avenue is a 62-bed, 72-bath, 42,399 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Calabasas, Alex Galuz, DRE #01291486

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.