Active
1617 N Fuller Ave
Los Angeles CA, 90046
$18,500,000
$436.33 per sqft
Active
62 Beds
72 Baths
42,399 sqft
Multi-family
Built in 1965
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.
24-455673
MLSⓇ ID
October 22, 2024
Listed
October 30, 2024
Updated
Map
1617 N Fuller Ave
Los Angeles CA, 90046
Interior Features
Total Stories
4
Bedrooms
62
Total Bathrooms
72
Appliances
Range/Oven, Elevator, Phone System, Garbage Disposal
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Heat Pump, Electric
Exterior/Building Features
Lot Size
0.62 Acres
Architectual Style
Contemporary
Other Property Details
Area Name
Hollywood
Days on Market
8
Garage
No
Parking
Subterr Tandem, Subterranean
Parking Total
65
View
Yes
View Description
Green Belt
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
|---|---|---|
10/23/2024 | Price change | $18,500,000 6% |
Listed by Alex Galuz with Keller Williams Realty Calabasas
Listing Contact: 310-466-0888
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Crystal Hefner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/30/2024
