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Listed by Jake Glaser - DRE #02128816 - Lyon Stahl Investment Real Estate, Inc. 310-425-9838

$1,290,000

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6729 Fulton Avenue Van Nuys, CA 91401

Cluster Residence

8 Beds

6 Baths

4,416 Sq. Ft.

0.13 Acre Lot

Property Activity

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Last updated on 11/15/2024 5:47 PM

Listing Details

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 uni...ts 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! Continue reading

MLS#

24406358

Property Type

Cluster

Status

Active Under Contract

Bedrooms

Bathrooms

Year Built

1954

Square Feet

4,416 sq. ft