Thank you
Brandon Evans
Rosano Partners
213-802-0305
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.
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Total Bedrooms : 23
Total Baths: 21
Full Baths: 0
Half Baths: 0
Property Appliances: Gas Oven,Range,Refrigerator,Range Hood
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1964
Building Area Total: 12,598
Construction: Stucco
Slab
Gated Community,Key Card Entry
None
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.3221
Lot Size Dimensions: 100x140
Lot Size Source: Assessor
Lot Size Square Feet: 14030
Original List Price: 4,600,000
Listing Contract Date: 2023-12-19
Listing Agreement: Seller Reserved
Parcel Number: 2337031030
Garage Description: None
Lease Term: Negotiable
Tenant Pays: Electricity,Water
Source Listing Status: Active Under Contract
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 1964
Directions: Fulcher Ave and Burbank Blvd
Zoning: LAC2
Source Property Type: Residential Income
Area: NHO - North Hollywood
Property Age: 60
Property Condition: Additions/Alterations,Updated/Remodeled
Year Built Source: Assessor
Total Square Feet Living: 12598
Entry Location: Ground Level - no steps
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
10835 Magnolia Boulevard, North Hollywood, CA,91601 | $3,500,000 | -- | -- | 3,200 | 5510 Sqft |
5620 Cartwright Avenue, North Hollywood, CA,91601 | $1,100,000 | 5 | 4 | 2,408 | 8871 Sqft |
5421 Denny Avenue, North Hollywood, CA,91601 | $1,200,000 | 2 | 1 | 776 | 5581 Sqft |
5739 N Canvas Court, North Hollywood, CA,91601 | $1,020,000 | 3 | 3 | 1,912 | 1114 Sqft |
5731 N Canvas Court, North Hollywood, CA,91601 | $1,149,000 | 3 | 3 | 1,891 | 1617 Sqft |
11304 Tiara, North Hollywood, CA,91601 | $1,595,000 | 5 | 2.5 | 4,117 | 7001 Sqft |
5735 N Canvas Court, North Hollywood, CA,91601 | $999,000 | 3 | 3 | 1,912 | 1114 Sqft |
4825 Craner Avenue, North Hollywood, CA,91601 | $1,025,000 | 3 | 3 | 1,681 | 933 Sqft |
5617 Denny Avenue, North Hollywood, CA,91601 | $1,349,800 | 5 | 4 | 1,802 | 7430 Sqft |
5535 Elmer Avenue, North Hollywood, CA,91601 | $1,499,000 | 2 | 1 | 1,014 | 7257 Sqft |
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ByOwner last updated this listing 05/10/2024 @ 12:26
MLS: 23340791
LISTED BY: Brandon Evans, Rosano Partners
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.