Skip To Content
    Return to Previous Page

    7117 Fulton Avenue

    North Hollywood, CA 91605
    • $1,395,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 320003445
    UPDATED: 59 min ago
    $1,395,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $317
      $/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 4.66%.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110496044
    Print Image

    7117 Fulton Avenue North Hollywood, CA 91605

    • Price: $1,395,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 320003445
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,400
    SQFT
    $317
    $/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 4.66%.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Detached Carport Parking Total 0.00 Parking YN Yes Pool Private YN No Spa YN No View YN No

    Interior Features

    Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring LaminateCarpetTile Heating Wall Furnace Heating YN Yes Laundry Features Common AreaCommunity Levels Two

    Property Features

    Association YN No Cable Tv Expense 0.00 Cap Rate 4.66 Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 0.00 Gross Multiplier 14.61 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 Land Lease Amount 0.00 Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 2400.00 Maintenance Percent 0.00 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 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Tenant Pays ElectricityCable TvGas Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 2954.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 5115.00 Workmans Compensation Expense 0.00 Zoning R3-1

    Listing provided courtesy of Hagop Baboudjian of Baboudjian Properties Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364782739-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364782739-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364782739-1.jpg
    Logo
    Keller Williams Realty
    ,