Multifamily

6535 Fulton Ave

6535 Fulton Ave, Los Angeles, CA 91401

Listing Price: $3,990,000

Cap Rate
4.65%
Number of Units
16
GRM
13.64
Occupancy
97.0%
Price/Unit
$249,375
Price/Gross SF
$267.95
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 Los Angeles San Fernando Valley is Van Nuys, located in central LA County, its close to many of the states major highways, making travel and day
trips easy for those looking to experience many of Southern Californias 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. The subject property
is also close to the US 5, 170, and 134 Freeways.
Built in 1963, 6535 Fulton Avenue 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. Select units were recently refurbished with new paint and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature
beautiful granite countertops, bright white cabinets, and stainless steel appliances. Each room has plenty of windows bringing light into the space. Residents can take advantage
of the propertys on-site amenities, such as laundry facilities, covered 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 solid rental upside in a core market of Los Angeles.

Investment Highlights

  • Solid Rental Upside Potential
  • Good Price Per Square Foot
  • Very Good Initial Cash Flow
  • Incredible Unit Mix - Sixteen (16) Units Total
  • On-Site Laundry Facilities & Covered Parking Spaces Available
  • Great Valley Glen Location

Exclusively Listed By

Listing Price: $3,990,000

Cap Rate
4.65%
Number of Units
16
GRM
13.64
Occupancy
97.0%
Price/Unit
$249,375
Price/Gross SF
$267.95
Gross SF
14,891

Investment Highlights

  • Solid Rental Upside Potential
  • Good Price Per Square Foot
  • Very Good Initial Cash Flow
  • Incredible Unit Mix - Sixteen (16) Units Total
  • On-Site Laundry Facilities & Covered Parking Spaces Available
  • Great Valley Glen Location

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 Los Angeles San Fernando Valley is Van Nuys, located in central LA County, its close to many of the states major highways, making travel and day
trips easy for those looking to experience many of Southern Californias 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. The subject property
is also close to the US 5, 170, and 134 Freeways.
Built in 1963, 6535 Fulton Avenue 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. Select units were recently refurbished with new paint and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature
beautiful granite countertops, bright white cabinets, and stainless steel appliances. Each room has plenty of windows bringing light into the space. Residents can take advantage
of the propertys on-site amenities, such as laundry facilities, covered 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 solid rental upside in a core market of Los Angeles.

Exclusively Listed By

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