Property Details

Price $5,750,000

Year Built 1965

# of Units 12

Price P/ Unit $479,167

Sq. ft. 12,540 SF

Price p/ Sq. ft. $459

Current Cap Rate 3.71%

Proforma Cap Rate 4.95%

Lot Size 7,027 SF

Zoning LAR3

About the Property

1626 N. Fuller Avenue, a well-maintained 12-unit property located in a prime Hollywood Hills location, just South of Hollywood Boulevard. Conveniently located near Hollywood & Highland shopping center, Walk of Fame, The Sunset Strip, and Runyon Canyon. Great unit mix, comprised of (3) 2-bdrm. and 2-bath units, (5) 2- bdrm. and 1-bath units and (4) 1-bdrm. and 1-bath units. Selected units have been upgraded to include wood flooring, custom cabinets, quartz/marble countertops, stainless-steel appliances, an in-unit washer/dryer, and private balconies. Property amenities include secure entry, an elevator, and 12 parking spaces in a gated, subterranean garage. Bright, spacious units average approx. 1,000 SF. Approx. 20% upside in rents compared to renovated units in the area.

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