Sold

Closed

5611 Fulcher Avenue

North Hollywood CA, 91601

$4,300,000


$341.32 per sqft

Sold

Closed

23 Beds

21 Baths

12,598 sqft

Residential

Built in 1964

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.

23340791

MLS ID

December 19, 2023

Listed

September 27, 2024

Updated

Map

5611 Fulcher Avenue
North Hollywood CA, 91601

Interior Features

Total Stories

2


Bedrooms

23


Total Bathrooms

21


Appliances

Gas Oven, Range, Refrigerator, Range Hood


Laundry Description

Common Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.32 Acres

Other Property Details

Area Name

NHO - North Hollywood


Days on Market

91


Garage

No


Parking

None


Parking Total

15


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAC2

Listing History

Date

Event

Price

8/30/2024

Sold

$4,300,000

Listed by Brandon Evans, Rosano Partners, CA DRE 02058494

Listing Contact: 805-814-9070 

Based on information from the CRISNet MLS as of 9/27/2024, 11:12 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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