North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
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$4,300,000

$4,600,000

6.5%
Est.Price: ?

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Est. payment /mo

23 Beds

21 Baths

12,598 SqFt


SOLD DATE : 08/23/2024

Key Details

Sold Price $4,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,598 sqft

Price per Sqft $341

MLS Listing ID 23340791

Sold Date 08/23/24

Bedrooms 23

Construction Status Additions/Alterations,Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 0.322 Acres

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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAC2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Oven, Range, Refrigerator, Range Hood

Laundry Common Area

Exterior

Garage None

Pool None

Community Features Gated

Accessibility None

Total Parking Spaces 15

Private Pool No

Building

Story 2

Entry Level Two

Foundation Slab

Level or Stories Two

New Construction No

Construction Status Additions/Alterations,Updated/Remodeled

Others

Senior Community No

Tax ID 2337031030

Security Features Gated Community,Key Card Entry

Acceptable Financing Cash, Conventional, Fannie Mae

Listing Terms Cash, Conventional, Fannie Mae

Financing Assumed,Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brandon Evans • Rosano Partners
Bought with Aaron Kaboud • The RFC Group
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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