1617 N Fuller Avenue, Los Angeles, CA 90046
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1617 N Fuller Avenue,Los Angeles, CA 90046
$16,495,000
- 62 Beds
- 72 Baths
- 42,399 sq. ft.
- Multi-family
- Active
Listed by: alex galuz
Office: keller williams realty calabasas818-657-6500
MLS#:24455673
Source:CRMLS
Price summary
- Price:$16,495,000
- Price per sq. ft.:$389.04
About this home
Seller finally says Sell! Over a $1M price reduction ! 5.25 cap with significant upside and room to convert the recreation rooms into two ADU's. Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large pool- elevator - room to add multiple ADU's , a gym and a roof top deck. The property was built in 1965 but completely renovated in the 1980s. Units have central A/C . Walk score 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 a 10 min drive. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades....
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Home facts
- Year built:1965
- Listing ID #:24455673
- Added:707 day(s) ago
- Updated:September 30, 2026 at 11:47 AM
Rooms and interior
- Bedrooms:62
- Total bathrooms:72
- Kitchen Description:Disposal
- Living area:42,399 sq. ft.
Heating and cooling
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:1965
- Building area:42,399 sq. ft.
- Lot area:0.62 Acres
- Architectural Style:Contemporary
Finances and disclosures
- Price:$16,495,000
- Price per sq. ft.:$389.04
Features and amenities
- Appliances:Disposal
Parking
- Total parking spaces:65
- Parking description:Underground
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