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.
Property Details
Price:
$18,500,000
MLS #:
24455673
Status:
Active
Baths:
0
Address:
1617 N Fuller Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Oct 22, 2024
State:
CA
ZIP:
90046
Lot Size:
27,129 sqft / 0.62 acres (approx)
Year Built:
1965
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Schools
Interior
Appliances
Disposal
Heating
Heat Pump, Electric
Exterior
Parking Features
Subterranean
Parking Spots
65.00
Stories Total
4
View
Park/ Greenbelt
Financial
Map
Community
- Address1617 N Fuller Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90046
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Courtesy of Keller Williams Realty Calabasas. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1617 N Fuller Avenue
Los Angeles, CA
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