6853 Fulton Ave - Apartments FOR SALE


North Hollywood, CA 91605
$1,050,000 USD
626-376-9224
6853 Fulton Ave, North Hollywood, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/8
null | 5.36% Cap Rate

6853 Fulton Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • First time for sale in over 25 years! Long term ownership
  • Diverse unit mix of (4) - 2 bed / 1 bath, (2) - 1 bed / 1 bath, and (1) non-conforming bachelor
  • Separately metered utilities for gas and electricity (with exception of bachelor unit)
  • Significant rental upside- Rents are roughly 60% below market. Huge upside through natural turnover or a strategic renovation plan
  • Completed seismic retrofit allows for asset safety
  • On-site laundry value-add: opportunity to reactivate the laundry room for additional income

OVERVIEW

6853 Fulton Avenue represents a compelling value-add opportunity in one of Los Angeles’ most sought-after infill corridors. This well-maintained 7-unit complex offers investors a rare combination of significant rental upside, a diverse unit mix, and strong fundamentals in the heart of the North Hollywood submarket. With in-place rents running significantly below market, the asset presents an exceptional mark-to-market runway for the sophisticated investor. Whether through natural turnover or a targeted renovation program, the path to market rents is well-defined — offering substantial near- and long-term yield expansion in a growing Los Angeles neighborhood. The property’s 7 units are configured across a well-balanced mix of floor plans: (4) - 2 bed / 1 bath, (2) - 1 bed / 1 bath, and (1), non-conforming bachelor. This diversified unit mix broadens the tenant demand profile and supports strong long-term occupancy performance. Built in 1957, the property sits on a 7,009 SF lot with 4,920 SF of gross building area. New ownership may elect to re-activate the laundry room for additional income. Tenants are responsible for electricity and gas, while the owner covers water, sewer, and trash. Situated in the established North Hollywood neighborhood, the property benefits from convenient access to major freeways including the 170, 101, and 405. The location continues to attract strong renter demand from working professionals and long-term residents alike.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

7

PRICE/UNIT

$150,000

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units (6 + 1 NC) in North Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,022 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2328-022-039

ASK ABOUT THIS PROPERTY

Casey PicardKW CommercialMore Info
626-376-9224

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Casey PicardKW CommercialMore Info
626-376-9224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.