1617 N Fuller Ave

Los Angeles, CA, 90046

$18,500,000

$436 per ft²
$18,500,000
$436 per ft²
Active
Active
 - For Sale
beds
62 Beds
baths
72 Baths
carpenters-square
42,399 ft²
property_type
Multi-family
calendar
Built 1965
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby - pool- elevator - and room to add multiple ADU's , a gym and a roof top deck. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops. This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area. Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within 15 min away. The property was built in 1965 but completely renovated in the 1980's.
MLS® ID:
22-185081
Listed:
7/31/22
Updated:
3/26/23
Douglas Elliman Real Estate
Cory Weiss
Office: (310) 595-3888Email: cory.weiss@elliman.com

Interior Features

Total Bedrooms
62
Total Bathrooms
72
Cooling
Air Conditioning
Heating
Wall

Exterior/Building Features

Lot Size
0.62 acres lot
Exterior Features
None

Other Property Details

Garage
Yes
Parking
Assigned, Covered Parking, Controlled Entrance, Community Garage, Gated
Parking Total
65.0
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3

Property History

Date
Event
Price
Value
9/7/22
Price Change
$21,995,000
-4%
11/21/22
Price Change
$19,995,000
-9%
2/27/23
Price Change
$18,500,000
-7%

Courtesy of Keller Williams Realty Calabasas, Alex Galuz,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cory Weiss shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/26/23

Douglas Elliman Real Estate
Cory Weiss
Office: (310) 595-3888Email: cory.weiss@elliman.com
Contact