Property listed by Miller & Desatnik Realty Co., David Miller 310-202-9166
$2,300,000
807 N. Fuller Street presents a 11-unit boutique multifamily investment opportunity featuring distinctive 1920s Spanish/Mediterranean architecture with enduring curb appeal and historic character. The offering includes highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 6.62% cash-on-cash return and strong day-one leveraged cash flow. The property generates… Read More stable in-place income at a 11.93 GRM and 4.8% cap rate, equating to approximately $209,091 per unit and $575 per square foot.A free-standing structure at the rear of the property has historically been rented as a non-conforming unit. Seller has obtained preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.The asset offers the opportunity to unlock meaningful rental upside through strategic interior upgrades while preserving its architectural integrity. Favorable assumable financing enhances acquisition economics and mitigates financing risk in today's interest rate environment. Read Less
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
3,994
Lot Size
0.19 Acres
Year Built
1925
MLS Number
26653737
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1925, Living area: 3994.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $192,785, Net Operating Income: $110,482
Lot
0.1892 acres
Parking
None
Taxes
Parcel Number: 5526006003, Zoning: LAR3
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