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