Listed by Alex Galuz, Keller Williams Realty Calabasas,

1617 N Fuller Avenue

Los Angeles, CA, 90046

$22,995,000

$542 per ft²
$22,995,000
$542 per ft²
Active
Active
 - For Sale
carpenters-square
42,399 ft²
property_type
Multi-family
calendar
Built 1965
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby - pool- elevator - and room to add multiple ADU's , a gym and a roof top deck. 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 15 min away. The property was built in 1965 but completely renovated in the 1980's.
MLS® ID:
22185081
Listed:
7/31/22
Updated:
8/12/22

Interior Features

Kitchen Appliances
Disposal
Total Bedrooms
0
Total Bathrooms
0
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.62 acres lot

Other Property Details

Area Name
C20 - Hollywood
Garage
No
Parking
Assigned, Controlled Entrance, Covered, Gated, Community Structure
Parking Total
65.0
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3

Property History

Date
Event
Price
Value
8/2/22
Price Change
$22,995,000
-4%

 

Listed by Alex Galuz, Keller Williams Realty Calabasas,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 11:38 PM UTC, 8/12/22

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