5611 Fulcher Avenue North Hollywood, CA 91601
We are pleased to present 5611 Fulcher Avenue, a 21-unit multifamily investment opportunity in prime North Hollywood Arts District. This rare investment opportunity is a well-maintained high cash flow asset with strong upside potential located in one of LA's strongest rental markets. The building is comprised of 21 units with a mix of (3) Studios, (16) 1 Bed, 1 Bath, and (2) 2 Bed, 1 Bath units. Two of the studios are brand new ADUs included and leased up. Several of the units have been renovated in the past 5 years with hardwood floors, new cabinetry, updated bathrooms, stainless steel appliances. Several of the units have RUBS implemented (up to $975 billed back per month with current leases). 5611 Fulcher Avenue is ideally located in the high demand submarket of North Hollywood, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located nearby NoHo Arts District and the Metro Red Line Station, and conveniently positioned in the center of a broad range of employment and retail options, 5611 Fulcher Avenue is surrounded by affluent high-end neighborhoods, boutique bars / restaurants, and numerous high profile office towers and mixed use developments.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site71 Days
- MLS StatusActive Under Contract
- MLS ID Number23340791
- Home Size Source Other
- Year Built1964
- Lot Size0.3221 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Stucco
- Parking None
- Parking Spaces 15
- Number of Stories 22
- Acreage 0.3221
- Security Gated CommunityCard/ Code Access
- Foundation Slab
- Zoning LAC2
- Listing Conditions Standard
- Property Condition Updated/ Remodeled
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Wall Furnace
- Appliances RefrigeratorRangeRange HoodGas Oven
- Laundry Features Community
Exterior Features
- Pool Features None
Community Features
- Senior Community No
- MLS Area NHO - North Hollywood
- Security Features Gated CommunityCard/ Code Access