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7117 Fulton Avenue

North Hollywood, CA 91605
  • $1,250,000
  • STATUS: Closed
  • ON SITE: 265 days
  • ID#: 320003445
Sold - 04/28/2021
$1,250,000
SOLD - 04/28/2021
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,400
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

The Fulton Apartments is a remarkable two-story, 6 unit apartment building, situated near shops, eateries, and restaurants, in a gentrifying neighborhood of North Hollywood. Built in 1957, the property sits on a 5,999 square foot lot and the building structure of 4,400 square feet has a great mix of one 3 bed 2 bath unit, two 2 bed 1 bath units, and three 1 bed 1 bath units. Two of the units will be delivered vacant, allowing investors to rent at market levels, and there is a laundry facility on-site as well. The building has been fully re-piped in 2016, with new copper pipes. Additionally, a new 100 gallon water heater has been installed. The roof is in good condition as well. Two of the vacant units have already been upgraded. With the two vacancies filled, the property is expected to yield $95,473 gross annual income, and a cap rate of 4.86%.

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Based on information from CRISNet MLS as of 2021-06-22T20:56:18.347. 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 by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-06-22T20:56:18.347. 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.
www.trulinerealty.com/homes/110495213
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7117 Fulton Avenue North Hollywood, CA 91605

  • Price: $1,349,000
  • Status: Closed
  • Updated: 38 min ago
  • ID#: 320003445
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,400
SQFT
$0
$/SQFT
1957
Built
Neighborhood:
Nho - North Hollywood
County:
Los Angeles
Area:
Nho - North Hollywood
Property Description
The Fulton Apartments is a remarkable two-story, 6 unit apartment building, situated near shops, eateries, and restaurants, in a gentrifying neighborhood of North Hollywood. Built in 1957, the property sits on a 5,999 square foot lot and the building structure of 4,400 square feet has a great mix of one 3 bed 2 bath unit, two 2 bed 1 bath units, and three 1 bed 1 bath units. Two of the units will be delivered vacant, allowing investors to rent at market levels, and there is a laundry facility on-site as well. The building has been fully re-piped in 2016, with new copper pipes. Additionally, a new 100 gallon water heater has been installed. The roof is in good condition as well. Two of the vacant units have already been upgraded. With the two vacancies filled, the property is expected to yield $95,473 gross annual income, and a cap rate of 4.86%.
Exterior Features

Carport Spaces 0.00 Levels Two Lot Size Area 5999.0000 Number Of Rented Garages 0 Parking Features Detached Carport Parking Total 0.00 Parking YN Yes View YN No

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring LaminateCarpetTile Heating Wall Furnace Heating YN Yes Laundry Features Common AreaCommunity Laundry YN Yes

Property Features

Association YN No Electric Expense 0.00 Fuel Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 0.00 Gross Multiplier 14.13 Gross Operating Income 0.00 Gross Scheduled Income 95473.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 2941.00 Laundry Income 0.00 Maintenance Expense 2400.00 Net Operating Income 0.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 0.00 Operating Expense Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Pool Private YN No Professional Management Expense 0.00 Spa YN No Special Listing Conditions Standard Tenant Pays ElectricityCable TvGas Total Expenses 0.00 Trash Expense 2954.00 Water Sewer Expense 5115.00 Zoning R3-1

Listing provided courtesy of Hagop Baboudjian, CA DRE# , of Baboudjian Properties Inc..


Based on information from CRISNet MLS as of 2021-06-22T20:56:18.347. 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 by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-06-22T20:56:18.347. 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.
 
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