Sold

6623 FULTON Avenue

Van Nuys CA, 91401

$2,422,000


$294.25 per sqft

Sold

8,231 sqft

Residential

Built in 1963

an opportunity to purchase two separate 10-unit apartment buildings located at 6617 & 6623 Fulton Avenue, in the City of Van Nuys, California, 91401.~~The property was built in 1963. The building itself is a two-story wood/frame & stucco structure with semi-subterranean car-port parking spaces which is ample for the project.The property is currently 100% occupied and has always enjoyed a history of high occupancy due to the fact that the rents are below current market level and the location provides itself to be a hi-density renter submarket with strong rental demand. The property is located in one of the strongest rental sub markets, just north of Victory and south of Vanowen, within walking distance to the Los Angeles Valley College, Ulysses S Grant High School, and conveniently near the Orange Metro Line and just minutes from the 170, 101, and 134 freeways.The property is listed at $2,600,000, and the economic indicators are as follows: 5.02% cap rate, $157.94 per square fo

12640355

MLS ID

February 16, 2024

Updated

Map

6623 FULTON Avenue
Van Nuys CA, 91401

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.22 Acres

Other Property Details

Area Name

VN - Van Nuys


Days on Market

119


Garage

No


Parking

Carport


Parking Total

14


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listed by Arthur Arejian, Arthur Arejian, Broker, CA DRE 01037335

Listing Contact: 323-512-5600 

Based on information from the CRISNet MLS as of 2/16/2024, 3:43 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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