CA > Los Angeles
Los Angeles, CA 90046,1617 N Fuller AVE
Los Angeles, CA 90046,1617 N Fuller AVE
Los Angeles, CA 90046,1617 N Fuller AVE
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Ernie Caponera

Ernie Caponera

Newport Properties

+1(714) 606-0926
$18,500,000
Est. payment /mo
62 Beds
72 Baths
42,399 SqFt
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UPDATED:

12/05/2024 05:22 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 42,399 sqft

Price per Sqft $436

MLS Listing ID 24455673

Bedrooms 62

HOA Y/N No

Year Built 1965

Lot Size 0.623 Acres

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Electric, Heat Pump

Fireplace No

Appliance Disposal

Exterior

Parking Features Underground

View Y/N Yes

View Park/Greenbelt

Total Parking Spaces 65

Building

Faces East

Story 4

Entry Level Three Or More

Architectural Style Contemporary

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5550016020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Alex Galuz • Keller Williams Realty Calabasas
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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