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Property Description

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.

Features
: Heat Pump, electric
: Park/greenbelt
4
0
: Contemporary
Additional Information
Keller Williams Realty Calabasas
0
CLW-X55570
CLW-X80540
Alex
5550016020
: Standard
Three Or More
32

Multi-Family For Sale

1617 Fuller Avenue, Los Angeles, California 90046

42,399 Sqft
$18,500,000
Listing ID #24455673
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24455673
Price : $18,500,000
Living Area : 42,399 Sqft
Lot Size : 27,129 Sqft
Year Built : 1965
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90046
Price Per Square Foot : $436
ModificationTimestamp : 2024-10-30 06:36:51
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