Skip to main content

Multifamily

6535 Fulton Ave

6535 Fulton Ave, Los Angeles, CA 91401

Listing Price: $3,750,000

Cap Rate
5.75%
Number of Units
16
GRM
11.40
Occupancy
94.0%
Price/Unit
$234,375
Price/Gross SF
$251.83
Gross SF
14,891

Investment Overview

Marcus & Millichap is pleased to present a sixteen (16) unit apartment building located at 6535 Fulton Avenue in Los Angeles, California. The subject property is situated in a great Valley Glen location, north of Victory Boulevard and east of Van Nuys Boulevard.

The most populous municipality in San Fernando Valley is Van Nuys, located in central LA County, it’s close to many of the state’s major highways, making travel and day trips easy for those looking to experience many of Southern California’s premier attractions quickly. Van Nuys retains a number of old neighborhoods, original Spanish mission and art deco architecture that give it more character than many nearby cities and towns. Van Nuys is home to many noteworthy food and entertainment spaces. With Vanowen Street to the north and Victory Boulevard to the south, tenants can take short five (5) minute walks to either commercial corridor to enjoy the many amenities they offer. On Vanowen Street, residents can visit Golden Fork, Vlads Bakery & Pastry, Fulton Avenue Park, Las Cebollitas Taqueria y Restaurante, and Vallarta Supermarkets. On Victory Boulevard, visitors enjoy Victory Donuts, Gumri Shish Kabob, Mariscos Vallarta Grill, Tequilas Bar & Grill, Lusys Mediterranean Cafe & Grill, Prime Market, and Valley Value Center. Van Nuys is also home to some of Los Angeles most sought-after outdoor amenities in Lake Balboa Park, including Woodley Park Archery Range, Japanese Garden, Sepulveda Basin Wildlife Reserve, Anthony C. Beilenson Park, Van Nuys Golf Course, and Pedlow Skate Park. All of these outdoor spaces sit together, north of US 101 Freeway and west of US 405 Freeway.

Built in 1963, this property contains an incredible unit mix of eleven (11) two-bedroom / one-bathrooms units, two (2) two-bedroom / two-bathroom units, and three (3) three-bedroom / two-bathroom units. One (1) unit will be delivered vacant. Select units were recently refurbished with new flooring and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature beautiful granite countertops, bright white cabinets, and stainless steel appliances. Each unit is very spacious averaging around 1,000 square feet. Residents can take advantage of the property’s on-site amenities, such as laundry facilities, thirteen (13) covered parking spaces, three (3) uncovered parking spaces, a courtyard swimming pool, and a quaint, grassy front yard. The property includes a very large vacant storage space that can be easily converted into an ADU. The subject property is situated in Valley Glen, one (1) block south of Fulton Avenue Park. Valley Glen is a dynamic and diverse family-friendly portion of the San Fernando Valley that offers plenty of fun activities, good local food, great parks, and nice buildings.

Situated in a great Valley Glen location, this offering presents an excellent opportunity for any investor to capitalize on the strong rental upside in a core market of Los Angeles.

Investment Highlights

  • Great Valley Glen Location
  • Potential to Convert Carports and Storage Facility Into Multiple ADU Unit(s)
  • One (1) Unit Will be Delivered Vacant
  • Incredible Unit Mix | Large Units Averaging 1,000 SF
  • Large Pool Courtyard
  • On-Site Laundry Facilities
  • Select Units have Been Renovated
  • Sixteen (16) On-Site Parking Spaces Available

Exclusively Listed By

Financing By

Multifamily

6535 Fulton Ave

Listing Price: $3,750,000

Cap Rate
5.75%
Number of Units
16
GRM
11.40
Occupancy
94.0%
Price/Unit
$234,375
Price/Gross SF
$251.83
Gross SF
14,891

Investment Highlights

  • Great Valley Glen Location
  • Potential to Convert Carports and Storage Facility Into Multiple ADU Unit(s)
  • One (1) Unit Will be Delivered Vacant
  • Incredible Unit Mix | Large Units Averaging 1,000 SF
  • Large Pool Courtyard
  • On-Site Laundry Facilities
  • Select Units have Been Renovated
  • Sixteen (16) On-Site Parking Spaces Available

Investment Overview

Marcus & Millichap is pleased to present a sixteen (16) unit apartment building located at 6535 Fulton Avenue in Los Angeles, California. The subject property is situated in a great Valley Glen location, north of Victory Boulevard and east of Van Nuys Boulevard. The most populous municipality in San Fernando Valley is Van Nuys, located in central LA County, it’s close to many of the state’s major highways, making travel and day trips easy for those looking to experience many of Southern California’s premier attractions quickly. Van Nuys retains a number of old neighborhoods, original Spanish mission and art deco architecture that give it more character than many nearby cities and towns. Van Nuys is home to many noteworthy food and entertainment spaces. With Vanowen Street to the north and Victory Boulevard to the south, tenants can take short five (5) minute walks to either commercial corridor to enjoy the many amenities they offer. On Vanowen Street, residents can visit Golden Fork, Vlads Bakery & Pastry, Fulton Avenue Park, Las Cebollitas Taqueria y Restaurante, and Vallarta Supermarkets. On Victory Boulevard, visitors enjoy Victory Donuts, Gumri Shish Kabob, Mariscos Vallarta Grill, Tequilas Bar & Grill, Lusys Mediterranean Cafe & Grill, Prime Market, and Valley Value Center. Van Nuys is also home to some of Los Angeles most sought-after outdoor amenities in Lake Balboa Park, including Woodley Park Archery Range, Japanese Garden, Sepulveda Basin Wildlife Reserve, Anthony C. Beilenson Park, Van Nuys Golf Course, and Pedlow Skate Park. All of these outdoor spaces sit together, north of US 101 Freeway and west of US 405 Freeway. Built in 1963, this property contains an incredible unit mix of eleven (11) two-bedroom / one-bathrooms units, two (2) two-bedroom / two-bathroom units, and three (3) three-bedroom / two-bathroom units. One (1) unit will be delivered vacant. Select units were recently refurbished with new flooring and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature beautiful granite countertops, bright white cabinets, and stainless steel appliances. Each unit is very spacious averaging around 1,000 square feet. Residents can take advantage of the property’s on-site amenities, such as laundry facilities, thirteen (13) covered parking spaces, three (3) uncovered parking spaces, a courtyard swimming pool, and a quaint, grassy front yard. The property includes a very large vacant storage space that can be easily converted into an ADU. The subject property is situated in Valley Glen, one (1) block south of Fulton Avenue Park. Valley Glen is a dynamic and diverse family-friendly portion of the San Fernando Valley that offers plenty of fun activities, good local food, great parks, and nice buildings. Situated in a great Valley Glen location, this offering presents an excellent opportunity for any investor to capitalize on the strong rental upside in a core market of Los Angeles.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower