NOT LISTED FOR SALE

6623 Fulton Ave van Nuys, CA 91401

Valley Glen Neighborhood
18 Beds
4 Baths
8,231 Sq Ft
9,357 Sq Ft Lot

Last Sold April 10, 2013

Last sale price $2,422,000 $294 Per Sq Ft

69 Days on Market

Highlights

  • Central Heating
  • Laundry Facilities
  • 4-minute walk to Fulton Ave Park
  • Ulysses S. Grant Senior High School Rated A-

About This Home

As of April 2013

an opportunity to purchase two separate 10-unit apartment buildings located at 6617 & 6623 Fulton Avenue, in the City of Van Nuys, California, 91401.The property was built in 1963. The building itself is a two-story wood/frame & stucco structure with semi-subterranean car-port parking spaces which is ample for the project.The property is currently 100% occupied and has always enjoyed a history of high occupancy due to the fact that the rents are below current market level and the location provides itself to be a hi-density renter submarket with strong rental demand. The property is located in one of the strongest rental sub markets, just north of Victory and south of Vanowen, within walking distance to the Los Angeles Valley College, Ulysses S Grant High School, and conveniently near the Orange Metro Line and just minutes from the 170, 101, and 134 freeways.The property is listed at $2,600,000, and the economic indicators are as follows: 5.02% cap rate, $157.94 per square fo

Last Agent to Sell the Property

Arthur Arejian

Arthur Arejian, Broker License #01037335 Listed on: 12/04/2012

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,357 Sq Ft Lot

Interior Spaces

  • 8,231 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 4 Bathrooms

Parking

  • 14 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 2329-026-014

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 8231
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 315.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 14

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 360324
  • Assessed Land Value: 206399
  • Assessor Parcel Number: 2329-026-014
  • Lot Size Area: 9357

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.69
  • Number Of Units: 10
  • Total Annual Expense: 105345
  • Type Of Units: APT
  • Vacancy Rate: 3

Range of Values:

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Average Value
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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 Change Sq Ft Price
04/10/2013 04/10/13 Sold $2,422,000 -6.8% $294 / Sq Ft
02/11/2013 02/11/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $2,600,000 -- $316 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Arthur Arejian

    Arthur Arejian, Broker

    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 12-640355

The MLS
California Los Angeles County Van Nuys 91401 Valley Glen

6623 Fulton Ave, Van Nuys, CA

This home is located at 6623 Fulton Ave, van Nuys, CA 91401 since 04 December 2012. This property was built in 1963. 6623 Fulton Ave is a home located in Los Angeles County with nearby schools including Kittridge Street Elementary, James Madison Middle, and Ulysses S. Grant Senior High School.

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