North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
North Hollywood, CA 91601,5611 Fulcher AVE
17
$4,300,000
$4,600,000
6.5%
Est.Price: ?

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23 BD
21 BA
12,598 SqFt

5611 Fulcher AVE North Hollywood, CA 91601

Est. payment /mo
SOLD DATE : 08/23/2024

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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

Bedrooms 23

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)

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Gated

Building

Story 2

Foundation Slab

New Construction No

Others

Acceptable Financing Cash, Conventional, Fannie Mae

Listing Terms Cash, Conventional, Fannie Mae

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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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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