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$18,500,000

Beds
62
sq ft
42,399

1617 N Fuller Ave, Los Angeles, CA 90046

1617 N Fuller Ave

Los Angeles, CA 90046

  • 62 days on market
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 30 years.Rents are 50 % below market ! The Market Cap Rate is over 8% with a 9 x GRM.Property has lobby - pool- elevator - room to add multiple ADU's , a gym and a roof top deck.The property was built in 1965 but completely renovated in the 1980s. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops.This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley.There is a tremendous amount of development and job availability in the immediate area.Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within a 10 min drive.

Details

Property type

Lot size

0.6228 acres

Price per sq ft

$437

Year built

1965

HOA

No

Price History

10/30/2024
CLAW

CLAW #24455673

Price change
$18,500,000
+6.94%
10/22/2024
CLAW

CLAW #24455673

Listed
$17,300,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Citibank Na

Loan start date

April 2007

Original loan amount

$1,751,821

Est. remaining balance

Not provided

Interest rate

6.22%

Loan type

Commercial, 16 year

Seller

Ronald F Mei

Lender

California Fed Bk

Loan start date

August 1993

Original loan amount

$2,140,000

Est. remaining balance

Not provided

Interest rate

7.38%

Loan type

Seller take-back

Seller

Ronald F Mei

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 11:50 AM

Listing updated: 12/04/2024 at 9:25 PM

Listed by: Alex Galuz, Keller Williams Realty Calabasas Phone #: (818) 657-6500

MLS: CLAW #24455673

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