$2,300,000
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.
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Listed by David Miller with Miller & Desatnik Realty Co. (310) 202-9166
Property Type
Residential Income
Status
Active
MLS Number
26653737
Year Built
1925
Lot Size
8,242 sq ft