James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 18
Residential IncomeFor Sale
$18,500,000
1617 N Fuller Avenue
Los Angeles, CA 90046
Listed by Alex Galuz DRE#01291486 [email protected] Keller Williams Realty Calabasas
MLS: California Regional MLS (CRMLS)
62Beds
72Baths
42,399Sq Ft
Est. Mortgage
$95,594/mo

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.

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Information courtesy of Keller Williams Realty Calabasas is subject to verification and is not guaranteed.
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