7047 Fulton Ave - Apartments FOR SALE


North Hollywood, CA 91605
$1,200,000 USD
818-640-4360
7047 Fulton Ave, North Hollywood, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/25
null | 5.91% Cap Rate

7047 Fulton Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • Six unit in an excellent Valley Glen rental pocket of North Hollywood
  • Excellent unit mix consisting of (2) 1+1 units and (4) 2+1 units
  • Upside in existing rents
  • Tenants enjoy the close proximity to Sherman Way shops and restaurants, Noho West, the 170, 101, and 405 freeways

OVERVIEW

Equity Union Commercial is proud to represent this 6 unit property in North Hollywood. The property was constructed in 1957. Its unit mix consists of (2) 1+1 units and (4) 2+1 units. With a lot size of 6,000 square feet, the property has a total of 4,400 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

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

0.14 AC

LAND SF

6,024 SF

ZONING

LAR3

APN/PARCEL ID

2328-023-020

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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