949.689.1669 | email ROSS

1617 N Fuller Avenue

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1617 N Fuller Avenue

Los Angeles, CA90046

| 42399 sqft | MLS# 24455673

Tract:

For Sale $18,500,000

Ross St.John

Armstrong

949.689.1669 | email ROSS

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 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.

Facts

| Built in 1965 | Lot Size: 27129.00 sqft | HOA Dues: $0/month

Features

Listing provided by Alex Galuz, Keller Williams Realty Calabasas

Based on information from California Regional Multiple Listing Service, Inc. as of October 30, 2024. 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. Listing provided by: Brian Fischer, Surterre Properties Inc, 949-545-2000, source: Listhub