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Active
1617 N Fuller Ave Los Angeles, CA 90046
$22,995,000
62 beds
42,399 sq ft

Courtesy of Keller Williams Realty Calabasas 818-657-6500

Contact Me to Learn More

Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

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.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1965

Appliances and Equipment

  • Range/Oven
  • Garbage Disposal
  • Intercom
  • Elevator

Bathrooms

  • 72.00 total bathrooms

Bedrooms

  • 62 total bedrooms

House

  • 42,399 sq ft
  • Built in 1965

Cooling

  • Air Conditioning

Disclosures

  • None

Garage

  • Assigned
  • Covered Parking
  • Controlled Entrance
  • Community Garage
  • Gated

Heating

  • Wall

Listing

  • ListDate: 2022-08-01
  • PricePerSqFt: $542
  • 11 days on market

Location

  • County: Los Angeles
  • ListingArea: Hollywood

Lot

  • LotAcreage: 0.6226
  • LotSizeArea: 27,121
  • LotSizeDimensions: 170×160

Parking

  • TotalParking: 65

Property

  • NumberOfUnits: 60
  • Zoning: LAR3

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