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.
Hollywood Hills Off-Market Sale in 75 Days
1626 N. Fuller Avenue, Los Angeles
Price Paid: $5,550,000
About The Property
Year Built 1965
City Hollywood Hills
Price p/ Sq. ft. $443
Price P/ Unit $462,500
Lot Size 7,027 SF
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.
Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.
“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”
“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”