NOT LISTED FOR SALE

6729 Fulton Ave van Nuys, CA 91401

8 Beds
6 Baths
4,416 Sq Ft
5,805 Sq Ft Lot

Last Sold November 20, 2024

Last sale price $1,235,000 $280 Per Sq Ft

90 Days on Market

About This Home

As of November 2024

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 units 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!

Last Agent to Sell the Property

Jake Glaser

Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 06/20/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Andy Aguilar

American Real Estate Experts License #01909871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,805 Sq Ft Lot

Interior Spaces

  • 4,416 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2329-027-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4416
  • Lot Acreage: 0.1333
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 292.12

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 6
  • Parking Garage: Carport
  • Total Parking: 6

Utilities

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

Lot Info

  • Assessed Improvement Percent: 39.80
  • Assessed Improvement Value: 435051
  • Assessed Land Percent: 60.2
  • Assessed Land Value: 658153
  • Total Assessed Value: 1093204
  • Assessor Parcel Number: 2329-027-009
  • Lot Size Area: 5805

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 14.06
  • Number Of Units: 6
  • Type Of Units: Apt

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Prior Sale
11/20/2024 11/20/24 Sold $1,235,000 -4.3% $280 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
08/22/2024 08/22/24 Price Changed $1,290,000 -2.3% $292 / Sq Ft
06/20/2024 06/20/24 For Sale $1,320,000 +34.7% $299 / Sq Ft
01/24/2017 01/24/17 Sold $980,000 -3.9% $222 / Sq Ft View Prior Sale
09/14/2016 09/14/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $1,020,000 -- $231 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,353 $1,235,000 $741,000 $494,000
2024 $14,353 $1,113,783 $671,316 $442,467
2023 $14,103 $1,093,204 $658,153 $435,051
2022 $13,473 $1,071,770 $645,249 $426,521
2021 $13,297 $1,050,756 $632,598 $418,158
2019 $12,916 $1,021,392 $613,836 $407,556
2018 $12,779 $1,001,400 $601,800 $399,600
2016 $8,077 $618,258 $370,956 $247,302
2015 $7,967 $608,972 $365,384 $243,588
2014 $8,028 $597,044 $358,227 $238,817
Source: Public Records

Agents Affiliated with this Home

  • Jake Glaser

    Seller's Agent in 2024

    Jake Glaser

    Lyon Stahl Investment Real Estate, Inc.

    (310) 494-6368

    1 in this area

    50 Total Sales

    Jake Glaser
    Section Image

  • A

    Buyer's Agent in 2024

    Andy Aguilar

    American Real Estate Experts

  • E

    Seller's Agent in 2017

    Ernie Meinhardt

    Beverly and Company

    (818) 991-5795

    6 Total Sales

    Ernie Meinhardt
    Section Image

  • M

    Buyer Co-Listing Agent in 2017

    Marge Young

    Sotheby's International Realty

    Section Image

  • M

    Buyer Co-Listing Agent in 2017

    Marjorie Young

    Wish Sotheby's Intl Realty

See All Agents

Map

Source: The MLS

MLS Number: 24-406358

The MLS
California Los Angeles County Van Nuys 91401

6729 Fulton Ave, Van Nuys, CA

Not Listed for Sale

MultiFamily

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