SUCCESS STORY
Hollywood Hills Off-Market Sale in 75 Days
1626 N Fuller Ave.
Two weeks after receiving the listing, Kenny identified a well-qualified buyer prior to publishing on MLS or Loopnet. Escrow closed 60 days @ $5.55M.
Price
$
5,550,000
City
Los Angeles
Current Cap Rate
3.89
%
Price P/ Unit
$
462,500
Lot Size
7,027
SF
1626 n fuller
About the Property
1626 N Fuller Ave. was a well-maintained 12-unit property located in a prime Hollywood Hills location, just south of Hollywood Blvd. Conveniently located near Hollywood & Highland shopping center, Walk of Fame, The Sunset Strip, and Runyon Canyon. 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.
Price
$
5,550,000
City
Los Angeles
Current Cap Rate
3.89
%
Price P/ Unit
$
462,500
Lot Size
7,027
SF
Background
This 12-unit trophy asset, just south of Runyon Canyon, features well-maintained units with condo-like finishes, subterranean parking and generates $350K in annual gross income. After owning the building for several years and ready to take a "hands-off" management approach, the Seller felt it was the right time to cash out.
Result
This 12-unit trophy asset, located just South of Runyon Canyon, features well-maintained units with condo-like finishes, subterranean parking and generates $350K in annual gross income. After owning the building for several years and ready to take a “hands-off” management approach, the Seller felt it was the right time to cash out.
