$ 1,290,000
6729 Fulton AVE Van Nuys, CA 91401
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$ 1,290,000
Est. payment | /mo
8 Beds
6 Baths
4,416 SqFt
$ 1,290,000
Est. payment | /mo
8 Beds
6 Baths
4,416 SqFt
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,416 sqft
Price per Sqft $292
MLS Listing ID 24406358
Bedrooms 8
HOA Y/N No
Year Built 1954
Lot Size 5,806 Sqft
Property Description
Fantastic 6-unit value add investment property located in Van Nuys. The mid-century apartment complex, built in 1954, offers a total of 4,416 square feet of living space, with each unit boasting 736 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (4) 1-bed / 1-bath units. Several of the units have received interior upgrades over the years, including new shower tiling and enclosures. The building has received significant capital improvements including the installation of copper plumbing in certain areas, new exterior paint, a newly landscaped and luscious shared fruit/food garden, and approximately 75% new windows. The roof was also fully replaced in June 2023. Additionally, there is a separate parking space and storage unit for each apartment at the rear of the building. There's also a laundry room that is currently being used as an owner storage area, but can easily be converted back to a laundry facility for additional income. 6729 Fulton Ave is fully occupied and offers over 60% upside on the current rents!
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Carport
Carport Spaces 6
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2329027009
Special Listing Condition Standard
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
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Mitch Stein
Partner | Lic# DRE# 02081632