6545 Fulton Ave | Van Nuys, CA 91401
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6545 Fulton Ave
Van Nuys, CA 91401
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Built in 2001, 6545 Fulton Ave does not fall under Los Angeles city rent control
- A unit mix made up of six spacious 2-bedrooms and one 3-bedroom, 101 & 103 each have private yard areas and units 205 & 206 have private balconies
- There are 14 gated parking spaces (seven tandem) with no soft story retrofit work required
- 7-unit investment opportunity in Van Nuys, between Vanowen St and Victory Blvd in the Valley Glen neighborhood
- strong in-place cash flow of 4.22% with additional rental upside of over 24%; pro formas can be achieved through further interior renovations
- The building has been well maintained throughout the years and there is central air conditioning throughout all units
PROPERTY FACTS
| No. Units | 7 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 11,538 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2001 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | LARD1.5 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,538 SF |
| No. Stories | 2 |
| Year Built | 2001 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Ceiling Fans
- Garden
- Wheelchair Accessible (Rooms)
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,650 | 900 |
| 3+2 | 1 | $2,195 | - |
PROPERTY TAXES
| Parcel Number | 2329-025-005 | Improvements Assessment | $955,087 |
| Land Assessment | $1,432,630 | Total Assessment | $2,387,717 |
PROPERTY TAXES
Parcel Number
2329-025-005
Land Assessment
$1,432,630
Improvements Assessment
$955,087
Total Assessment
$2,387,717
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