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
October 16, 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 10/16/2024, 8:21 AM 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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