1617 N Fuller Avenue

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1965
Living area: 42,399 sq ft
Lot size: 27,129 sq ft
Parking: 65 spaces
Stories: 4
Days on market: 720
MLS status: Active
Architectural style: Contemporary
Zoning: LAR3

Features & Amenities

Appliances

Disposal

Parking

Underground

Community, Schools & Utilities

Community

View: ParkGreenbelt

Utilities

Heating: Electric,HeatPump

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Location & Neighborhood

Los Angeles, CA 90046

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Frequently Asked Questions About 1617 N Fuller Avenue

Property type: Residential Income

The current asking price is $16,495,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1617 N Fuller Avenue. Our team will confirm availability and timing.

This 62 bedrooms and 72 bathrooms property offers approximately 42,399 square feet of living space. It was built in 1965. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 720 days. Status can change, so verify availability before relying on it.