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1617 N Fuller Ave, Los Angeles, CA 90046
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1617 N Fuller Ave Los Angeles, CA 90046

$18,500,000
  • 62 Beds
  • 69 Baths
  • 42,399 Sq.Ft.
For Sale
$18,500,000 Get Pre-Qualified
Map preview of 1617 N Fuller Ave, Los Angeles, CA 90046

Property Overview: 1617 N Fuller Ave Los Angeles, CA has 62 bedrooms, 69 bathrooms, 42,399 living square feet and 27,129 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Trophy Value Add Multifamily Investment Opportunity in Prime Hollywood Hills area of Los Angeles. This property has been in the same family for over 30 years. Rents are nearly 100 % below market. Property has a nice lobby, Pool and lounge area, elevator service and room for a gym and business center or convert to ADU's. Property was built in 1965 but fully renovated in the 1980's. Walk score is 94. Premiere hiking trails are nearby as well as all Hollywood Blvd and Sunset Blvd entertainment venues and eateries. Metro line is only a 15 min walk away. Easy access to Downtown LA and the San Fernando Valley. Netflix, Gower and Nickelodeon Studios are nearby as well and Capital Records. This is an amazing rental area in one of the most trendy and walkable neighborhoods in LA.

Listed by Yana Galuz | BRE #01454066 | Keller Williams Realty Calabasas
Last checked: 6 minutes ago | Last updated: January 10th, 2024 | Source CRMLS | DOM: 107
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Home details

Lot Sq. Ft
27,129
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24342957
City
Los Angeles
County
Los Angeles
Time on Site
131 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 60
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,528
  • Total Rent: $10,695
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,336
  • Total Rent: $21,027
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 44
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,856
  • Total Rent: $81,658
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.76%
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: --
  • Net Operating Income: $881,111
  • Gross Operating Income: $1,324,981
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1617 N Fuller Ave

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 65
  • Has Parking
  • Parking Features: Controlled Entrance, Covered
Property Information
  • Total # of Units: 60
  • Parcel Number: 5550016020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Sunset and Hollywood and Between Fairfax and La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 1617 N Fuller Ave

Last sold for $2,675,000 on September 10th, 1993

  • January, 2024

  • Jan 2, 2024

    Date

    Active

    CRMLS: 24342957

    $18,500,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 22185081

    $18,500,000

    Price

  • Aug 1, 2022

    Date

    Active

    CRMLS: 22185081

    $23,995,000

    Price

  • Listing provided courtesy of CRMLS

    Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby - pool- elevator - and room to add multiple ADU's , a gym and a roof top deck. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops. This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area. Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within 15 min away. The property was built in 1965 but completely renovated in the 1980's.

  • September, 1993

  • Sep 10, 1993

    Date

    Sold (Public Records)

    Public Records

    $2,675,000

    Price

Show More

Tax History for 1617 N Fuller Ave

Assessed Value (2020): $4,169,943
Year Land Value Improved Value Assessed Value
2020 $738,221 $3,431,722 $4,169,943

Home Value Compared to the Market

This property vs the competition

1617 N Fuller Ave is listed 1381.18% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $436.33 per/sqft which puts the price per square foot 43.63% lower than the median price per square foot for the city of Los Angeles.

About 1617 N Fuller Ave

Detailed summary of property

1617 N Fuller Ave is a multi family located in Los Angeles, CA 90046 and is currently for sale. This multi family property offers 62 bedrooms, 69 bathrooms, roughly 42,399 living square feet, and sits on an approximately 27,129 square foot lot. 1617 N Fuller Ave was first listed on ArdentRealEstateGroup.com on January 2, 2024. The homeowner is currently asking $18,500,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1381.18% higher than the median priced home. While the average home in Los Angeles, CA is selling in 93 days, 1617 N Fuller Ave has a days on market of 107 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1617 N Fuller Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1617 N Fuller Ave

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
42,399
Lot Size
27,120
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
12-15
APN
5550-016-020

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,950,000
Median List Price/Sq.Ft.
$938
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
224
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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