$ 17,700,000
-
$17,700,000
Price -
3
Bed -
4
Bath -
42,399
SqFt
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About the Listing CLW-X80540 - CLW-X55570
Seller finally says Sell! Nearly $1M price reduction ! 5 cap with significant upside and room to convert the recreation rooms into two ADU's. 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 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large 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. Units have central A/C . Walk score 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 is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.
Listing Highlights for 1617 N Fuller Ave
Status
Active
Days on Site
368
Property Type
Multi-Family
MLS ®
24455673
Year Built
1965
Total Square Footage
42,399
Lot/Acreage
0.62
County
Los Angeles
Area
C20 - Hollywood
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances: Disposal
- Air Cond:
- Heating: Heat Pump,Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 65
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Subterranean
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5550016020
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1617 N Fuller Ave Los Angeles, CA 90046
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