Contemporary

1617 N Fuller Avenue

Los Angeles , CA 90046

MLS#: 24455673

$18,500,000

Status: Active
Listing number: 24455673
Listing provided by: Keller Williams Realty Calabasas
Listing agent phone: None
Last update: 2 months ago
On site: 9 months ago
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Property

Beds

62

Full Baths

None

1/2 Baths

None

Year Built

1965

Sq.Footage

42,399

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.

Features & Amenities

Interior

  • Total Bedrooms

    62

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

Exterior

  • Garage

    No

  • Parking

    Underground

  • Pool

    No

  • View

    Park/Greenbelt

Area & Lot

  • Lot Size(acres)

    0.6228

  • Property Type

    Residential Income

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $18,500,000

  • Sq. Footage

    42, 399

  • Price/SqFt

    $436

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Alex Galuz , Keller Williams Realty Calabasas

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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.

1617 N Fuller Avenue

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