Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
$1,299,995
With excellent visibility along one of the San Fernando Valley's main thoroughfares, the property offers an investor the opportunity to add significant value by recapturing approximately 30% in rent upside. Five garage parking spaces in the rear of the property provide a unique amenity for this neighborhood, as well as… Read More a supplemental revenue stream. Portions of the plumbing system have already been upgraded with copper pipes. The building is not on the Los Angeles Department of Building and Safety's seismic retrofit list, saving an owner from an otherwise costly renovation (Buyer to verify). Located near the intersection of Fulton Avenue and Victory Boulevard, the property allows tenant convenient access to the 170 and 101 Freeways. NoHo West, a newer mixed-use development, is only two miles from the building and offers residents a variety of dining and entertainment options, including Regal Cinemas, Trader Joe's, LA Fitness, Starbucks, Nordstrom Rack, and Paris Baguette. Read Less
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,468
Lot Size
0.14 Acres
Year Built
1951
MLS Number
25565131
30 Days Snapshot Of 91401
$1.61M
+11%
(avg) sold price
7
-50%
homes sold
55
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Size: 6,120, 0.1405 acres, 6,120 square feet
Building
Built in 1951, Building area total: 3,468, Levels: Two, Living area: 3468, 2 stories, 1 building
Income
Gross income: $99,312, Net operating income: $58,367
Parking
5 totals parking, Assigned
Property
Zoning: LAR3
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