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

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,598 sqft

Price per Sqft $341

MLS Listing ID 23-340791

Sold Date 08/23/24

Style Low Rise

Bedrooms 23

Construction Status Additions/Alter, Updated/Remodeled

Year Built 1964

Lot Size 0.322 Acres

Acres 0.322

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 North Hollywood

Zoning LAC2

Rooms

Other Rooms None

Kitchen Remodeled

Interior

Heating Wall

Cooling Window Unit(s), Wall/Window

Equipment Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features None

Garage Spaces 15.0

Pool None

Roof Type Flat

Handicap Access None

Building

Story 2

Foundation Slab

Water Public

Architectural Style Low Rise

Level or Stories Two

Structure Type Hard Coat, Stucco

Construction Status Additions/Alter, Updated/Remodeled

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Rosano Partners
Bought with The RFC Group

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Herman Singh

Broker

+1(310) 625-6175

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