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Property Description

We are pleased to present 5611 Fulcher Avenue, a 21-unit multifamily investment opportunity in prime North Hollywood Arts District. This rare investment opportunity is a well-maintained high cash flow asset with strong upside potential located in one of LA’s strongest rental markets. The building is comprised of 21 units with a mix of (3) Studios, (16) 1 Bed, 1 Bath, and (2) 2 Bed, 1 Bath units. Two of the studios are brand new ADUs included and leased up. Several of the units have been renovated in the past 5 years with hardwood floors, new cabinetry, updated bathrooms, stainless steel appliances. Several of the units have RUBS implemented (up to $975 billed back per month with current leases). 5611 Fulcher Avenue is ideally located in the high demand submarket of North Hollywood, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located nearby NoHo Arts District and the Metro Red Line Station, and conveniently positioned in the center of a broad range of employment and retail options, 5611 Fulcher Avenue is surrounded by affluent high-end neighborhoods, boutique bars / restaurants, and numerous high profile office towers and mixed use developments.

Features
: Wall Furnace
: Wall/window Unit(s)
2
: Community
0
Additional Information
Rosano Partners
0
CLW-C142622
CLW-X74822
Brandon
2337031030
: Standard
Two
32

Multi-Family For Sale

5611 Fulcher Avenue, North Hollywood, California 91601

12,598 Sqft
$4,600,000
Listing ID #23340791
Basic Details
Status : Active under contract
DaysOnMarket : 110
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 23340791
Price : $4,600,000
Living Area : 12,598 Sqft
Lot Size : 14,030 Sqft
Year Built : 1964
Country : US
State : California
County : Los Angeles
City : North Hollywood
Zipcode : 91601
Price Per Square Foot : $365
ModificationTimestamp : 2024-04-15 17:26:02
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