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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