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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