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.
12 Units Adjacent to Runyon Canyon
1626 N. Fuller Avenue, Los Angeles
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