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5701 Fulcher Avenue

North Hollywood, CA 91601

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$745,000

4.30%

15.62

2,533

7,019

1949

3

$248,333

$294

Deal Highlights

  • Sold at 96% of List Price

  • Multiple Offers

  • First Time Multi-Family Buyer

Asset Highlights

  • Prime North Hollywood Arts District

  • Two out of Three Units Deliverable Vacant

  • Attractive Residential Financing Available

  • Upside in Rents

  • Dense Rental Pocket of North Hollywood

  • Bright & Spacious Units

  • Potential Development Opportunity LARD 1.5 Zoning

Property Description

The Frydman, as the exclusive listing agent, is proud to present a triplex for sale located in the prime North Hollywood Arts District. The address lies on 5701 Fulcher Avenue, just north of Burbank Blvd in between Tujunga Avenue and Vineland Avenue in the city of North Hollywood.

 

This well maintained and operated rent controlled 3 unit apartment building was built in 1949. The unit mix consists of two one-bedroom/one bathroom units, and one two-bedroom/one bathroom units. Amenities include onsite parking which includes a free standing carport that fits two cars and open space to fit another vehicle alongside it.

 

The apartment will be deliverable with two of the units vacant at the close of escrow which compromise of a one bedroom/one bath unit and a two-bedroom/one bath unit.

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The property is located in the prime North Hollywood Arts district and is within walking distance to local eateries and shopping centers as well as within minutes of the 101, 118, & 405 and freeways.

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