Listed by Alex Galuz with Keller Williams Realty Calabasas

1617 N Fuller Avenue

Los Angeles, CA, 90046

$18,500,000

$436 per ft²
$18,500,000
$436 per ft²
Active
Active
 - For Sale
beds
62 Beds
baths
72 Baths
carpenters-square
42,399 ft²
property_type
Multi-family
calendar
Built 1965
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby - pool- elevator - and room to add multiple ADU's , a gym and a roof top deck. 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 15 min away. The property was built in 1965 but completely renovated in the 1980's.
MLS® ID:
22185081
Listed:
7/31/22
Updated:
3/22/23
Compass
Kevin Bourland Team
Mobile: (213) 407-4754Email: kevin@kevinbourland.com

Interior Features

Kitchen Appliances
Disposal
Total Bedrooms
62
Total Bathrooms
72
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.62 acres lot

Other Property Details

Area Name
C20 - Hollywood
Garage
No
Parking
Assigned, Controlled Entrance, Covered, Gated, Community Structure
Parking Total
65.0
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3
Buyer Agency Compensation
1.000

Property History

Date
Event
Price
Value
8/2/22
Price Change
$22,995,000
-4%
9/7/22
Price Change
$21,995,000
-4%
11/21/22
Price Change
$19,995,000
-9%
2/27/23
Price Change
$18,500,000
-7%

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/22/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/22/23 at 5:27 PM UTC

Compass
Kevin Bourland Team
Mobile: (213) 407-4754Email: kevin@kevinbourland.com
Contact