Active
1617 N Fuller Avenue
Los Angeles CA, 90046
$18,500,000
$436.33 per sqft
Active
62 Beds
72 Baths
42,399 sqft
Residential
Built in 1965
Listed by Alex Galuz with Keller Williams Realty Calabasas 310-466-0888
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.
24455673
MLSⓇ ID
October 22, 2024
Listed
October 31, 2024
Updated
Map
1617 N Fuller Avenue
Los Angeles CA, 90046
Interior Features
Total Stories
4
Bedrooms
62
Total Bathrooms
72
Appliances
Disposal
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric, Heat Pump
Exterior/Building Features
Lot Size
0.62 Acres
Architectual Style
Contemporary
Other Property Details
Area Name
C20 - Hollywood
Days on Market
8
Garage
No
Parking
Underground
Parking Total
65
View
Yes
View Description
Park/Greenbelt
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
|---|---|---|
10/23/2024 | Price change | $18,500,000 6% |
Listing Contact: 818-657-6500
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Data last updated on 10/31/2024 at 11:12 AM UTC