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.
About The Property
Stats
Price $5,550,000
Year Built 1965
City Hollywood Hills
Units 12
Price p/ Sq. ft. $443
Price P/ Unit $462,500
Lot Size 7,027 SF
Background
Result
Two weeks after receiving the listing, Kenny identified a well-qualified buyer before publishing on MLS or LoopNet. Escrow opened in mid-November and closed 60 days later at $5.55M. Ultimately, the Seller was delighted with the speed of the transaction, cashing out 75 days after signing the listing agreement. The sale of 1626 N. Fuller, sold for $463K per unit, making it the second-highest PPU sale in 90046 north of Sunset Blvd.