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About the Listing CLW-X75151 - CLW-C112897,CLW-C139610
We are pleased to present 6034 Fulton Avenue, a 12-unit multifamily property located on a quiet residential block in the Valley Glen/Van Nuys border submarket of the San Fernando Valley. Built in 1990, the two-story building encompasses 9,614 square feet of rentable area on an 8,540-square-foot lot zoned R3-1. The property features a diverse unit mix of four one-bedroom/one-bath flats, four one-bedroom-plus-loft/one-bath units, and four two-bedroom/two-bath flats, offering functional layouts ranging from 650 to 904 square feet.The property is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), subject only to AB 1482 (the California Tenant Protection Act), which allows annual rent increases of 5% plus CPI. All 12 units are individually metered for gas and electric, with the owner responsible only for cold water and central boiler hot water. The diverse unit mix appeals to a broad tenant pool, from singles and students (Valley College is 0.5 miles away) to couples and small families, supporting stable occupancy and organic demand throughout market cycles.With in-place rents averaging $2,029 per month and achievable market rents of $2,233 per month, the property presents a 10.1% rent upside opportunity for a new buyer. The 30-year ownership under the Berkus Estate represents the first offering of this asset since 1996, positioning it as a rare acquisition opportunity in a supply-constrained corridor. TOC Tier 3 eligibility provides additional long-term density bonus potential for a future development play, adding strategic optionality beyond the near term income upside.
Listing Highlights
Status
Pending
Days on Site
30
Property Type
Multi-Family
MLS ®
26765185
Year Built
1990
Total Square Footage
9,614
Lot/Acreage
0.2
County
Los Angeles
Area
VG - Valley Glen
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- 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: 22
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Underground
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2331028012
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
6034 Fulton Ave Van Nuys, CA 91401
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