North Hollywood (los Angeles), CA 91601,5611 Fulcher Avenue
See all 17 photos
North Hollywood (los Angeles), CA 91601,5611 Fulcher Avenue
North Hollywood (los Angeles), CA 91601,5611 Fulcher Avenue
North Hollywood (los Angeles), CA 91601,5611 Fulcher Avenue
North Hollywood (los Angeles), CA 91601,5611 Fulcher Avenue

$4,300,000

Est. payment /mo

$4,600,000

6.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5611 Fulcher Avenue North Hollywood (los Angeles), CA 91601

12,598 SqFt

SOLD DATE : 08/23/2024

Key Details

Sold Price $4,300,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 12,598 sqft

Price per Sqft $341

MLS Listing ID CL23340791

Sold Date 08/23/24

HOA Y/N No

Year Built 1964

Lot Size 0.322 Acres

Acres 0.32

Property Description

We are pleased to present 5611 Fulcher Avenue, a 21-unit multifamily investment opportunity in prime North Hollywood Arts District. This rare investment opportunity is a well-maintained high cash flow asset with strong upside potential located in one of LA's strongest rental markets. The building is comprised of 21 units with a mix of (3) Studios, (16) 1 Bed, 1 Bath, and (2) 2 Bed, 1 Bath units. Two of the studios are brand new ADUs included and leased up. Several of the units have been renovated in the past 5 years with hardwood floors, new cabinetry, updated bathrooms, stainless steel appliances. Several of the units have RUBS implemented (up to $975 billed back per month with current leases). 5611 Fulcher Avenue is ideally located in the high demand submarket of North Hollywood, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located nearby NoHo Arts District and the Metro Red Line Station, and conveniently positioned in the center of a broad range of employment and retail options, 5611 Fulcher Avenue is surrounded by affluent high-end neighborhoods, boutique bars / restaurants, and nu

Location

State CA

County Los Angeles

Area Listing

Zoning LAC2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Community Facility

Building

New Construction No

Others

Tax ID 2337031030

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bridge MLS
Listed by Brandon Evans • Rosano Partners
Bought with AaronKaboud
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.