5611 Fulcher Ave, North Hollywood, CA 91601
- $4,600,000
- 23
- BD
- 21
- BA
- 12,598
- SqFt
- List Price
- $4,600,000
- Price Change
- ▼ $150,000 1705015502
- MLS#
- 23-340791
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Bedrooms
- 23
- Bathrooms
- 21
- Living Area
- 12,598
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.
Additional Information
- Year Built
- 1964
- Garage
- None
Mortgage Calculator
Courtesy of Rosano Partners, Brandon Evans.
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