Sold

Closed

6022 Fulton Avenue

Van Nuys CA, 91401

$2,300,000


$224.65 per sqft

Sold

Closed

10,238 sqft

Multi-family

Built in 1953

Pleased to present 6022-6028 Fulton Avenue, two adjacent 6-unit multifamily properties located in Van Nuys. The property boasts lush landscaping and covered parking with alleyway access. All units are 2 bed 1 bath and share a common courtyard with newly installed coin operated speed queen washers and dryers.

Proforma rents are approximately 54% higher than the current rent roll providing excellent upside and a great opportunity for value add. With an in place 4.73% cap rate and 14.63 GRM there is a ton of potential.

Ownership has already obtained permits and is in the process of upgrading the power for both buildings with their own 600 amp services and 7 different meters - one for each unit and a house meter. Please be advised LADWP currently has a spike on the properties until the electric panels are upgraded.

GD23170551

MLS ID

September 12, 2023

Listed

November 22, 2024

Updated

Map

6022 Fulton Avenue
Van Nuys CA, 91401

Interior Features

Total Stories

2


Laundry Description

Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Carport


Fireplace

Yes


Fireplace Description

Gas, Kitchen


Cooling

Yes


Cooling Description

Gas


Heating

Yes


Heating Description

Ductless, Natural Gas

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Back Yard, Sprinklers In Front, Landscaped, Sprinklers Timer


Sewer

Public Sewer

Other Property Details

Area Name

VN - Van Nuys


Days on Market

16


Garage

No


Parking

Carport


Parking Total

12


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3

Listed by Randy Rohrer, Pacific West Business Prop Inc, CA DRE 00672287

Listing Contact: 818-244-3000 

Based on information from the CRISNet MLS as of 11/22/2024, 5:14 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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