807-809 N Fuller Ave - Apartments FOR SALE


Los Angeles, CA 90046- Melrose
$2,300,000 USD
310-202-9166
807-809 N Fuller Ave, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/10
null | 4.8% Cap Rate

807-809 N Fuller Ave
Los Angeles, CA 90046
Melrose


OVERVIEW

807 N. Fuller Street presents a 11-unit boutique multifamily investment opportunity featuring distinctive 1920s Spanish/Mediterranean architecture with enduring curb appeal and historic character. The offering includes highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 6.62% cash-on-cash return and strong day-one leveraged cash flow. The property generates stable in-place income at a 11.93 GRM and 4.8% cap rate, equating to approximately $209,091 per unit and $575 per square foot.A free-standing structure at the rear of the property has historically been rented as a non-conforming unit. Seller has obtained preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.The asset offers the opportunity to unlock meaningful rental upside through strategic interior upgrades while preserving its architectural integrity. Favorable assumable financing enhances acquisition economics and mitigates financing risk in today's interest rate environment.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

11

PRICE/UNIT

$209,091

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,242 SF

ZONING

LAR3

APN/PARCEL ID

5526-006-003

ASK ABOUT THIS PROPERTY

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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