Van Nuys (los Angeles), CA 91401,6729 Fulton Avenue

$1,235,000

Est. payment /mo

$1,290,000

4.3%
Est.Price: ?

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6729 Fulton Avenue Van Nuys (los Angeles), CA 91401

4,416 SqFt

SOLD DATE : 11/20/2024

Key Details

Sold Price $1,235,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,416 sqft

Price per Sqft $279

MLS Listing ID CL24406358

Sold Date 11/20/24

HOA Y/N No

Year Built 1954

Lot Size 5,805 Sqft

Acres 0.13

Property Description

Fantastic 6-unit value add investment property located in Van Nuys. The mid-century apartment complex, built in 1954, offers a total of 4,416 square feet of living space, with each unit boasting 736 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (4) 1-bed / 1-bath units. Several of the units have received interior upgrades over the years, including new shower tiling and enclosures. The building has received significant capital improvements including the installation of copper plumbing in certain areas, new exterior paint, a newly landscaped and luscious shared fruit/food garden, and approximately 75% new windows. The roof was also fully replaced in June 2023. Additionally, there is a separate parking space and storage unit for each apartment at the rear of the building. There's also a laundry room that is currently being used as an owner storage area, but can easily be converted back to a laundry facility for additional income. 6729 Fulton Ave is fully occupied and offers over 60% upside on the current rents!

Location

State CA

County Los Angeles

Area Listing

Zoning LARD

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 2329027009

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Bridge MLS
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
Bought with AndyAguilar
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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