$2,100,000
$180K PRICE DROP

Estimated payment $13,454/month

Total Views 2,824
7 Beds
5 Baths
7,885 Sq Ft
$266 Price per Sq Ft

Highlights

  • Laundry Room
  • Ulysses S. Grant Senior High School Rated A-
  • 1-minute walk to Fulton Ave Park

About This Home

Located in the heart of North Hollywood, 6828 Fulton Ave presents a rare opportunity to acquire a well-maintained, high-demand rental property in one of the most sought-after submarkets of Los Angeles. This 10-unit building offers a diverse unit mix consisting of one single, five 1-bedroom, 1-bath units, one 2-bedroom, 2-bath unit, and three 3-bedroom, 2-bath units, making it an ideal option for a variety of tenants, from students and professionals to families. The property features on-site parking with storage, a highly desirable amenity that enhances tenant appeal and convenience.

Positioned along a major thoroughfare, the property benefits from high visibility and easy accessibility. Investors will appreciate the recent new roof installation and completed seismic retrofitting, ensuring structural integrity and reducing future maintenance costs. Additionally, the building is individually metered for gas and electricity, helping to minimize owner expenses while maximizing operational efficiency.

The property's prime location offers unparalleled access to shopping, dining, and transit options, with the CA-170 Freeway just minutes away for seamless connectivity across the city. It is also a short distance from Los Angeles Valley College, making it a desirable rental option for students and faculty. The surrounding area continues to experience strong rental demand, providing significant upside potential for investors looking to increase rents over time.

With a strong tenant base, excellent location, and long-term value appreciation, 6828 Fulton Ave is an exceptional multifamily investment in North Hollywood.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Listing Agent

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 04/22/2025

Keller Williams Realty-Studio City

Co-Listing Agent

Mike Pesci

Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,306 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 7,885 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces
  • Parking Available

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1081
  • Assessor Parcel Number 2327007007
  • $1,296 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,720
  • Fuel Expense $4,720
  • Gardener Expense $1,500
  • Insurance Expense $7,885
  • Maintenance Expense $7,680
  • Other Expense $2,000
  • Pest Control $900
  • Trash Expense $3,600
  • Water Sewer Expense $4,720
  • New Taxes Expense $28,500
  • Operating Expense $66,225
  • Gross Income $197,928
  • Net Operating Income $125,766

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 6.10
  • Price Per Unit: 210000
  • Property Attached: Yes
  • Water Sewer Expenses: 4720.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2327007007
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 266.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 3600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9306.00
  • Lot Size Acres: 0.2136

Multi Family

  • Electric Expense: 4720.00
  • Fuel Expense: 4720.00
  • Gross Income: 197928.00
  • Gross Multiplier: 10.61
  • Gross Operating Income: 191990.00
  • Gross Scheduled Income: 197928.00
  • Insurance Expense: 7885.00
  • Lot Size Area: 9306.0000 Square Feet
  • Maintenance Expense: 7680.00
  • Maintenance Percent: 8.62
  • Net Operating Income: 125766.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 66225.00
  • Other Expense: 2000.00
  • Other Expense Description: reserve
  • Rent Control: Yes
  • Total Actual Rent: 16494.00
  • Total Expenses: 66225.00
  • Vacancy Allowance: 5938
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28500.00
  • Tax Census Tract: 1234.10
  • Tax Lot: 9
  • Tax Tract Number: 1081
  • TaxOtherAnnualAssessmentAmount: 1296.00

Map

Range of Values:

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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
07/29/2025 07/29/25 Price Changed $2,100,000 -7.9% $266 / Sq Ft
04/22/2025 04/22/25 For Sale $2,280,000 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25088372

California Regional Multiple Listing Service (CRMLS)