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Fuller/Martel Apartments 1443 N Fuller Ave 82 Unit Apartment Building $30,000,000 ($365,854/Unit) 4.94% Cap Rate Los Angeles, CA 90046
Investment Highlights
- Resort-Style Outdoor Amenities: Pool, Rooftop Deck, Gym, Sauna, Elevator, Gated Parking
- High Occupancy with Strong Long-Term Rental Demand
- 1987 Vintage, 82-Unit, Non-RSO Asset in 90046 ZIP Code
- Spacious 1- & 2-Bedroom Units with Private Balconies
- Prime Infill Location Near Hollywood & West Hollywood
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present the opportunity to acquire 1443 N Fuller Ave, an amenity-rich, 82-unit multifamily asset located in one of Los Angeles’ most supply-constrained infill submarkets. Situated in the highly desirable 90046 ZIP code between Hollywood, West Hollywood, and Beverly Hills, the property benefits from strong renter demand, walkability, and proximity to major employment and lifestyle hubs.
Built in 1987, the four-story property features modern construction and a differentiated amenity package, including a resort-style pool and spa, rooftop sundeck, fitness center, sauna, controlled access entry, gated parking, elevator service, and on-site management. Spacious units with private balconies, fireplaces in select units, air conditioning, and updated kitchens support tenant retention and long-term income stability.
Built in 1987, the four-story property features modern construction and a differentiated amenity package, including a resort-style pool and spa, rooftop sundeck, fitness center, sauna, controlled access entry, gated parking, elevator service, and on-site management. Spacious units with private balconies, fireplaces in select units, air conditioning, and updated kitchens support tenant retention and long-term income stability.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $30,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $365,854 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.79 AC |
| Cap Rate | 4.94% | Building Size | 84,510 SF |
| Gross Rent Multiplier | 11.42 | Average Occupancy | 94% |
| No. Units | 82 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles | ||
| Price | $30,000,000 |
| Price Per Unit | $365,854 |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| Gross Rent Multiplier | 11.42 |
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 84,510 SF |
| Average Occupancy | 94% |
| No. Stories | 5 |
| Year Built | 1987 |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Grill
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Spa
- Corporate Suites
- Gated
- Grill
- Package Service
- Roof Terrace
- Elevator
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | $2,510 | 675 - 782 |
| 2+2 | 48 | $3,033 | 975 - 1,075 |
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Walk Score®
Walker's Paradise (97)
Property Taxes
| Parcel Number | 5550-018-025 | Improvements Assessment | $8,477,943 |
| Land Assessment | $33,911,776 | Total Assessment | $42,389,719 |
Property Taxes
Parcel Number
5550-018-025
Land Assessment
$33,911,776
Improvements Assessment
$8,477,943
Total Assessment
$42,389,719
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Fuller/Martel Apartments | 1443 N Fuller Ave
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