Fuller Apartments | 1617 N Fuller Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Fuller Apartments 1617 N Fuller Ave
60 Unit Apartment Building $18,500,000 ($308,333/Unit) 4.76% Cap Rate Los Angeles, CA 90046
Executive Summary
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.
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.
Property Facts
| Price | $18,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $308,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 4.76% | Building Size | 42,399 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 60 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Price | $18,500,000 |
| Price Per Unit | $308,333 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 12 |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 42,399 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Courtyard
- Fitness Center
- Laundry Facilities
- Pool
- Security System
- Roof Terrace
- Bicycle Storage
- Elevator
1 of 1
Walk Score ®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5550-016-020 | Improvements Assessment | $3,666,052 |
| Land Assessment | $791,520 | Total Assessment | $4,457,572 |
PROPERTY TAXES
Parcel Number
5550-016-020
Land Assessment
$791,520
Improvements Assessment
$3,666,052
Total Assessment
$4,457,572
zoning
| Zoning Code | R5-1, Los Angeles |
| R5-1, Los Angeles |
-
Alex Galuz -
KW Commercial
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Fuller Apartments | 1617 N Fuller Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.