7048 Fulton Avenue, North Hollywood, California 91605
$2,649,000
- Property Type
- Residential Income
- Bedrooms
- 18
- Bathrooms
- 16
- Square Feet
- 10,682 sqft
- City
- North Hollywood
- Status
- Active
Situated within one of the densest residential submarkets of the San Fernando Valley, the property allows a new investor excellent value with its low $165,563 per unit entry point. An owner can improve income in both the near and long term by recapturing the approximately 27% in rent upside. With all seismic retrofit repairs already completed (Buyer to verify), a new investor is saved from an otherwise costly maintenance expense. The property also generates a supplemental revenue stream through tenants' use of the on-site laundry facilities. The building is also fully parked, containing a parking space for each bedroom of the property. Situated near the intersection of Fulton Avenue and Sherman Way, the two-story building offers tenants convenient access to the Greater Los Angeles Metro Area via the nearby 170, 101, 5, and 405 Freeways. Residents also enjoy the benefits of the building's proximity to several national retailers, including Trader Joe's, Home Depot, Ralphs, Vallarta Supermarkets, and Walgreens, all within three miles of the property.
About
Listed by Roderick 'Rick' Raymundo with Marcus & Millichap
Quick Facts
MLS Property Type
Residential Income
Status
Active
MLS Number
26994247
Year Built
1977
Units
16
Lot Size
0.33 acres
Location
Click to interact with map
Details
You Might Also Like
Photo coming soon
6843 Agnes, North Hollywood
- 5 units
- Apartment
- 5,830 building square feet
- ≈$460K/unit
- 8,084 square foot lot
- built in 2005
Listed by Akash Saini with Keller Williams Realty-Studio City
Photo coming soon
6926 Morella Ave, North Hollywood
- 5 units
- Residential Income
- 7,932 building square feet
- ≈$640K/unit
- 7,904 square foot lot
- built in 2021
Listed by Cesar Leyva with Beverly & Company Luxury Properties
Photo coming soon
13125 Vanowen St, North Hollywood
- 6 units
- Residential Income
- 4,646 building square feet
- ≈$240K/unit
- 8,339 square foot lot
- built in 1957
Listed by Ron Maman with Rodeo Realty
Photo coming soon
5651 Case Ave, North Hollywood
- 5 units
- Residential Income
- 9,127 building square feet
- ≈$740K/unit
- 6,986 square foot lot
- built in 2025
Listed by Oliver Thornton with Hollywood Estates
Photo coming soon
5005 Cahuenga, North Hollywood
- 6 units
- Apartment
- 6,224 building square feet
- ≈$370K/unit
- 0.23 acre lot
- built in 1948
Listed by Laurence Cook with Rodeo Realty
Photo coming soon
11341 Victory Blvd, North Hollywood
- 11 units
- Apartment
- 7,030 building square feet
- ≈$300K/unit
- 0.28 acre lot
- built in 1977
Listed by Tamar Hacikian with Keller Williams R. E. Services
Photo coming soon
6613 Irvine Ave, North Hollywood
- 9 units
- Residential Income
- 6,430 building square feet
- ≈$220K/unit
- 7,976 square foot lot
- built in 1961
Listed by Artin Hovsepian with The Agency
Photo coming soon
6455 Troost, North Hollywood
- 6 units
- Quadruplex
- 9,088 building square feet
- ≈$600K/unit
- 7,502 square foot lot
- built in 2024
Listed by Cheyenne Womack with Myunits.com Inc.