1617 N Fuller Avenue
Los Angeles, CA, 90046
$18,500,000
$436 per ft²
$18,500,000
$436 per ft²
Active
Active
- For Sale62 Beds
72 Baths
42,399 ft²
Multi-family
Built 1965
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby - pool- elevator - and room to add multiple ADU's , a gym and a roof top deck. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops. This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area. Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within 15 min away. The property was built in 1965 but completely renovated in the 1980's.
MLS® ID:
22185081
Listed:
7/31/22
Updated:
3/28/23
Amalfi Estates
Interior Features
Kitchen Appliances
Disposal
Total Bedrooms
62
Total Bathrooms
72
Heating
Wall Furnace
Exterior/Building Features
Lot Size
0.62 acres lot
Other Property Details
Area Name
C20 - Hollywood
Garage
No
Parking
Assigned, Controlled Entrance, Covered, Gated, Community Structure
Parking Total
65.0
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR3
Buyer Agency Compensation
1.000
Property History
Date
Event
Price
Value
8/2/22
Price Change
$22,995,000
-4%
9/7/22
Price Change
$21,995,000
-4%
11/21/22
Price Change
$19,995,000
-9%
2/27/23
Price Change
$18,500,000
-7%
Courtesy of Alex Galuz, Keller Williams Realty Calabasas, CA DRE
Listing Contact:
Based on information from the CRISNet MLS as of 3/28/23, 2:06 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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Amalfi Estates
