NOT LISTED FOR SALE

1427 N Fuller Ave Los Angeles, CA 90046

Hollywood Neighborhood
9 Beds
7 Baths
6,073 Sq Ft
6,900 Sq Ft Lot

Last Sold June 05, 2012

Last sale price $1,295,000 $213 Per Sq Ft

About This Home

As of June 2012

The Sunset apartments located at 1427 North Fuller Ave in Los Angeles,
CA offers an investor the opportunity to own a turn-key asset in one of
the strongest rental markets in Southern California. The subject
property went though an extensive rehab renovation project in 2006
where 5 of the 7 units were completely rebuilt with new kitchens and
bathrooms. Upgrades include: stainless steel appliances, granite
counter-tops, new sinks, hardwood flooring in the living and dining
rooms, recessed ligthing, crown moldings, new showers and bath tubs,
new tile and much more.
The building also has 100% copper plumbing which the Buyer should
verify. There are 7 parking spaces, storage closets for each unit and all
the walk-ways and staircases were also upgraded with quality tile and
flooring.
The subject property consists of five 1 bedroom/ 1 bath units and two 2
bedroom/ 1 bath units. The Sunset apartments are centrally located and
close to the famous Sunset Strip as well as the Hollywood Highland
center.
This

Last Agent to Sell the Property

Matthew Younessi

MYI Inc. License #01522037 Listed on: 03/13/2012

Last Buyer's Agent

Matthew Younessi

MYI Inc. License #01522037 Listed on: 03/13/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,900 Sq Ft Lot

Home Design

  • 6,073 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces

Listing and Financial Details

  • Tax Lot 555
  • Tax Tract Number 1
  • Assessor Parcel Number 5550018006

Community Details

Overview

  • 7 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $700
  • Insurance Expense $2,125
  • Maintenance Expense $3,500
  • Professional Management Expense $5,100
  • Trash Expense $720
  • Water Sewer Expense $2,500
  • New Taxes Expense $18,750
  • Gross Income $8,888
  • Net Operating Income $63,606

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Professional Management Expense: 5100.00
  • Water Sewer Expenses: 2500.00
  • Property Type: Residential Income
  • Parcel Number: 5550018006
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 213.24

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Trash Expense: 720.00

Lot Info

  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 700.00
  • Gross Income: 8888.00
  • Gross Scheduled Income: 107376.00
  • Insurance Expense: 2125.00
  • Lot Size Area: 6900.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 63606.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 38437.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Lot: 555
  • Tax Tract Number: 001
  • Tax Year: 2011

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2012 06/05/12 Sold $1,295,000 -- $213 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Younessi

    Seller's Agent in 2012

    Matthew Younessi

    MYI Inc.

    (323) 546-8833

    4 Total Sales

    Matthew Younessi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12004972

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90046 Hollywood

1427 N Fuller Ave, Los Angeles, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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