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6034 Fulton Ave
Van Nuys, CA 91401
Value Add Opportunity | 10% Upside In Rents · Multifamily Property For Sale
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12 Units
Investment Highlights
- Non-RSO / AB 1482 Only: Exempt from the City of LA's Rent Stabilization Ordinance.
- Diverse Unit Mix: The property offers three floor plans: 1B/1B flats (650 SF), 1B/1B + Loft units (850 SF),and 2B/2B (904 SF)
- First Offering in 30 Years: Acquired in 1996 as an REO sale and held continuously by the Berkus Estate, this property has never been offered for sale.
- 10.1% Rent Upside: Current rents average $2,029/month across all unit types.
- This variety creates natural tenant segmentation, reduces concentration risk, and supports strong occupancy across multiple renter demographics.
Property Facts
| No. Units | 12 | Building Size | 9,614 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1990 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | R3-1, Los Angeles - residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,614 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R3-1, Los Angeles - residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 625 - 700 |
| 2+2 | 4 | - | 950 |
Property Taxes
| Parcel Number | 2331-028-012 | Improvements Assessment | $688,321 |
| Land Assessment | $367,776 | Total Assessment | $1,056,097 |
Property Taxes
Parcel Number
2331-028-012
Land Assessment
$367,776
Improvements Assessment
$688,321
Total Assessment
$1,056,097
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