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5950 Fulcher Ave 13 Unit Apartment Building $2,595,000 ($199,615/Unit) 6.22% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- •Built 1958 Subject to LA Rent Control • Well maintained building
- •Majority of units have been remodeled •Soft Story was completed in 2021
- •Laundry Room •6 parking spaces •Well Maintained Property
- •13 units with Mix of eleven 1 bedroom units and two Singles •
- •6,950 sqft building on 10288 sq. ft. lot
- •Roof replaced in 2012 & 2025•Mostly copper plumbing
EXECUTIVE SUMMARY
Built 1958 Subject to LA Rent Control
13 units with Mix of eleven 1bedroom units and two Singles
Under $200K per unit
Under Replacement Cost
Well maintained building
6,950 sqft building on 10,288 sqft lot
Laundry Room
6 parking spaces
Roof replaced in 2012
Mostly copper plumbing
Majority of units have been remodeled
Zoned LARD2
Soft Story was completed in 2021
Located corner of Oxnard Street east of Tujunga
Minutes from NoHo Art District and Metro Station
Short drive to 170, 101, 134 freeways
13 units with Mix of eleven 1bedroom units and two Singles
Under $200K per unit
Under Replacement Cost
Well maintained building
6,950 sqft building on 10,288 sqft lot
Laundry Room
6 parking spaces
Roof replaced in 2012
Mostly copper plumbing
Majority of units have been remodeled
Zoned LARD2
Soft Story was completed in 2021
Located corner of Oxnard Street east of Tujunga
Minutes from NoHo Art District and Metro Station
Short drive to 170, 101, 134 freeways
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$237,554
|
$34.18
|
| Other Income |
$1,500
|
$0.22
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$239,054
|
$34.40
|
| Taxes |
$31,140
|
$4.48
|
| Operating Expenses |
$46,396
|
$6.68
|
| Total Expenses |
$77,536
|
$11.16
|
| Net Operating Income |
$161,518
|
$23.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $237,554 |
| Annual Per SF | $34.18 |
| Other Income | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.22 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $239,054 |
| Annual Per SF | $34.40 |
| Taxes | |
|---|---|
| Annual | $31,140 |
| Annual Per SF | $4.48 |
| Operating Expenses | |
|---|---|
| Annual | $46,396 |
| Annual Per SF | $6.68 |
| Total Expenses | |
|---|---|
| Annual | $77,536 |
| Annual Per SF | $11.16 |
| Net Operating Income | |
|---|---|
| Annual | $161,518 |
| Annual Per SF | $23.24 |
PROPERTY FACTS
| Price | $2,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,615 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.22% | Building Size | 6,950 SF |
| Gross Rent Multiplier | 10.92 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 10.07/1,000 SF |
| Zoning | RD2, Los Angeles | ||
| Price | $2,595,000 |
| Price Per Unit | $199,615 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Gross Rent Multiplier | 10.92 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,950 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 10.07/1,000 SF |
| Zoning | RD2, Los Angeles |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 600 |
| 1+1 | 11 | - | 750 |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 2337-020-033 | Total Assessment | $1,254,506 (2025) |
| Land Assessment | $696,950 (2025) | Annual Taxes | $31,140 ($4.48/SF) |
| Improvements Assessment | $557,556 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2337-020-033
Land Assessment
$696,950 (2025)
Improvements Assessment
$557,556 (2025)
Total Assessment
$1,254,506 (2025)
Annual Taxes
$31,140 ($4.48/SF)
Tax Year
2024
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Metro Realty Cntr,Inc.
5950 Fulcher Ave
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