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1131 N Fuller Avenue, Los Angeles, CA

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1131 N Fuller Avenue

Los Angeles, CA 90046 - West Hollywood MF Submarket


Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1963
Stories:2 Building Size:9,114 SF Land Area:.17 AC (7,405 SF)
For Sale Price:$3,750,000 Price/Unit:$375,000.00 Cap Rate:3.00 % GRM:-

Parking:1.4 Parking Spaces / 1,000 SF



Sale Notes:
Well-maintained property has total of 10 units: 6 units remodeled last year with new kitchens, granite, gas stoves and other appliances (see photos); as well as newer baths with granite. 4 Units are older but well maintained in good shape, per Seller. Units are separately metered. Rents have not been aggressively increased annually; and with stronger management the income can increase well over the next years. Laundry machines are owned by Seller, and are $1 per cycle ~ potential for increased income there also. Sellers are ready to sell after many years of proud ownership. Subject to West Hollywood rent control.
West Hollywood is a very hot rental market; market rents here for 1 Bedroom units are estimated at $2300 per month, and for 2 Bedroom units are estimated at $3500 per month. Just west of Gardner, 1/2 block north of Santa Monica Boulevard; Plummer Park is on the next block.

Independent Investments, LLC
Suzette Kitselman
(310) 396-3802




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