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$4,300,000
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Property Description
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.
Full Property Details
Full Property Details for 5611 Fulcher Ave
General
- Sold For: $4,300,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 23-340791
- Added to Site: 761 day(s) ago
Interior
- Cooking Appliances: Range, Range Hood, Oven-Gas
Rooms
Bathrooms
- Total Bathrooms: 21
- Bathroom Features: Remodeled
Bedrooms
- Total Bedrooms: 23
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
- Security/Safety: Gated, Card/Code Access
- Other Features: None
Parking
- Covered Spaces: 3
- Garage Description: None
Location
- Area: North Hollywood
- County: Los Angeles
- Cross Streets: Fulcher Ave and Burbank Blvd
- Driving Directions: Fulcher Ave and Burbank Blvd
Heating & Cooling
- Cooling Type: Window Unit(s), Wall/Window
- Heating Type: Wall
Utilities
- Water: Public
Structural Information
- # Buildings: 1
- Architectural Style: Low Rise
- Exterior Const.: Hard Coat, Stucco
- Basement Desc.: Slab
- Foundation: Slab
- Roof: Flat
- Common Walls: Attached
- Disability Access: None
- Entry Location: Ground Level - no steps
- Stories/Levels: 2
- Square Feet: 12,598
- Sq. Ft. Source: Other
- Year Built: 1964
- Year Built Source: Assessor
- Property Condition: Additions/Alter, Updated/Remodeled
Unit Information
- Units in Complex: 21
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.322
- Lot Size: 14030
- Lot Size Source: Assessor
- Lot Dimensions: 100 x 140
- Lot Features: City
- Zoning: LAC2
Financial Considerations
- Price Per Sq. Ft.: $365.14
- Assessment Year: 1964
- Owner Pays: Gas, Water
- Tenant Pays: Electricity, Water
Disclosures and Reports
- Disclosures/Reports: As Is, Rent Control, LA/Owner Related
- APN: 2337-031-030
Listed by Rosano Partners, Brandon Evans
Sold by The RFC Group, Aaron Kaboud and The RFC Group, Azita Kaboud
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Schools
Schools serving 5611 Fulcher Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Lankershim Elementary School, Los Angeles, CA 5250 Bakman Ave., Los Angeles, CA 91601 | K-5 | 0.5 mi |
Walter Reed Middle School 4525 Irvine Ave., Los Angeles, CA 91602 | 6-8 | 1.5 mi |
East Valley Senior High School 5525 Vineland Ave., Los Angeles, CA 91601 | 9-12 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5611 Fulcher Ave
Date
Details
Price
Change
Source
8/23/2024
Sold
$4,300,000
-6.52%
MLS
1/11/2024
Price Reduced
$4,600,000
-3.16%
MLS
12/19/2023
Listed
$4,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5611 Fulcher Ave, North Hollywood, CA 91601 (MLS# 23-340791) is a Multi-Family property that was sold at $4,300,000 on August 23, 2024. Want to learn more about 5611 Fulcher Ave? Do you have questions about finding other Multi-Family real estate for sale in North Hollywood? You can browse all North Hollywood real estate or contact a Coldwell Banker agent to request more information.

