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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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$18,500,000
Est. payment /mo
62 Beds
72 Baths
42,399 SqFt
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UPDATED:

10/30/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 42,399 sqft

Price per Sqft $436

MLS Listing ID 24-455673

Style Contemporary

Bedrooms 62

Year Built 1965

Lot Size 0.623 Acres

Acres 0.6228

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 Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Heat Pump, Electric

Cooling Air Conditioning

Equipment Range/Oven, Elevator, Phone System, Garbage Disposal

Exterior

Parking Features Subterr Tandem, Subterranean

Garage Spaces 65.0

View Y/N Yes

View Green Belt

Building

Story 4

Architectural Style Contemporary

Level or Stories Three Or More

Others

Special Listing Condition Standard

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Listed by Keller Williams Realty Calabasas

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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