Sold

Closed

5611 Fulcher Avenue

North Hollywood CA, 91601

$4,300,000


$341.32 per sqft

Sold

Closed

23 Beds

21 Baths

12,598 sqft

Residential

Built in 1964

Listed by Brandon Evans with Rosano Partners 805-814-9070

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 numerous high profile office towers and mixed use developments.

23340791

MLS ID

December 19, 2023

Listed

October 17, 2024

Updated

Map

5611 Fulcher Avenue
North Hollywood CA, 91601

Interior Features

Total Stories

2


Bedrooms

23


Total Bathrooms

21


Appliances

Gas Oven, Range, Refrigerator, Range Hood


Laundry Description

Common Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.32 Acres

Other Property Details

Area Name

NHO - North Hollywood


Days on Market

91


Garage

No


Parking

None


Parking Total

15


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAC2

Listing History

Date

Event

Price

8/30/2024

Sold

$4,300,000

Listing Contact: 213-802-0305 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 7:57 PM UTC

 

Powered byLuxury Presence