Sotheby's International Realty
Matthew Aaronson, Sotheby's International RealtyPhone: (917) 359-5392
Email: [email protected]
listing
1 of 0
Residential Income
$4,900,000
5611 Fulcher Avenue
North Hollywood, CA 91601
Listing Office: Rosano Partners
MLS: California Regional MLS (CRMLS)
23Beds
21Baths
12,598Sq Ft
Est. Mortgage
$25,393/mo

Assumable financing available fixed at 4.643% until January 2026. Balance is approx. $2,500,000. Loan maturity: 2049. We are pleased to present 5611 Fulcher Avenue, a 21-unit multifamily investment opportunity in prime North Hollywood Arts District. This rare investment opportunity is a well-maintained high cash flow asset located in one of LA's strongest rental markets. The building is comprised of 21 units with a mix of (3) Studios, (9) 1 Bed, 1 Bath, and (2) 2 Bed, 1 Bath units. Two of the studios are brand new ADUs that recently received CofO and leased at $1,725 on average. Several of the units have been renovated in the past 5 years with hardwood floors, new cabinetry, updated bathrooms, stainless steel appliances. RUBS are implemented for several of the units, making for a seamless operation with the opportunity to implement for the 3 units to be delivered vacant. 5611 Fulcher Avenue is ideally located in the high demand submarket of North Hollywood, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding landlord favored market conditions with significant growth potential. Centrally located within short distance of NoHo Arts District and the Metro Red Line Station, and conveniently positioned in the center of a broad range of employment and retail options, 5611 Fulcher Avenue is surrounded by affluent high-end neighborhoods, boutique bars / restaurants, and numerous high profile office towers and mixed use developments.

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Information courtesy of Rosano Partners is subject to verification and is not guaranteed.
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