18
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$17,700,000
Est. payment /mo
62 Beds
72 Baths
42,399 SqFt
Price Dropped by $800K
1617 N Fuller AVE Los Angeles, CA 90046
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 42,399 sqft
Price per Sqft $417
MLS Listing ID 24455673
Bedrooms 62
HOA Y/N No
Year Built 1965
Lot Size 0.623 Acres
Property Description
Seller finally says Sell! Nearly $1M price reduction ! 5 cap with significant upside and room to convert the recreation rooms into two ADU's. Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large pool- elevator - room to add multiple ADU's , a gym and a roof top deck. The property was built in 1965 but completely renovated in the 1980s. Units have central A/C . Walk score 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 a 10 min drive. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Electric, Heat Pump
Fireplace No
Appliance Disposal
Exterior
Parking Features Underground
View Y/N Yes
View Park/Greenbelt
Total Parking Spaces 65
Building
Faces East
Story 4
Entry Level Three Or More
Architectural Style Contemporary
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5550016020
Special Listing Condition Standard
Listed by Alex Galuz Keller Williams Realty Calabasas
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