6022 Fulton Avenue, Van Nuys, CA 91401
- $2,300,000
List Agent Randy Rohrer () Pacific West Business Prop Inc; CoList () Courtesy of Selling Office: Keller Williams Realty, Casey Picard - Selling Agent DRE# and Courtesy of Listing Office Pacific West Business Prop Inc, Randy Rohrer - Agent DRE#
- Sold Price
- $2,300,000
- List Price
- $2,800,000
- Closing Date
- Oct 10, 2023
- Status
- CLOSED
- MLS#
- GD23170551
- Year Built
- 1953
- Lot Size
- 12,401
- Lot Location
- Back Yard, Sprinklers In Front, Landscaped, Sprinklers Timer
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Pleased to present 6022-6028 Fulton Avenue, two adjacent 6-unit multifamily properties located in Van Nuys. The property boasts lush landscaping and covered parking with alleyway access. All units are 2 bed 1 bath and share a common courtyard with newly installed coin operated speed queen washers and dryers. Proforma rents are approximately 54% higher than the current rent roll providing excellent upside and a great opportunity for value add. With an in place 4.73% cap rate and 14.63 GRM there is a ton of potential. Ownership has already obtained permits and is in the process of upgrading the power for both buildings with their own 600 amp services and 7 different meters - one for each unit and a house meter. Please be advised LADWP currently has a spike on the properties until the electric panels are upgraded.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Gas, Kitchen
- Heat
- Ductless, Natural Gas
- Cooling
- Yes
- Cooling Description
- Gas
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.