Pleased to present 6022-6028 Fulton Avenue, two adjacent 6-unit multifamily properties located in Van Nuys. The property boasts lush landscaping and covered parking with alleyway access. All units are 2 bed 1 bath and share a common courtyard with newly installed coin operated speed queen washers and dryers.
Proforma rents are approximately 54% higher than the current rent roll providing excellent upside and a great opportunity for value add. With an in place 4.73% cap rate and 14.63 GRM there is a ton of potential.
Ownership has already obtained permits and is in the process of upgrading the power for both buildings with their own 600 amp services and 7 different meters - one for each unit and a house meter. Please be advised LADWP currently has a spike on the properties until the electric panels are upgraded.
Sold for $2,300,000
Listing Provided by: Pacific West Business Prop Inc
Bought with: Keller Williams Realty
$2,300,000
6022 Fulton Ave, Van Nuys, CA 91401
24beds
12baths
10,238sqft
Mixed Use
Built in 1953
-- sqft lot
$2,653,400 Zestimate®
$225/sqft
$1,857 Estimated rent
Home value
$2,653,400
$2.28M - $3.08M
$1,857/mo
Zestimate® history
Owner options
List your home for rent
$1,857/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,857/mo
Rent Zestimate®
Refinance and save
$14,786/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$14,786/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
Randy Rohrer DRE #00672287 818-244-3000,
Pacific West Business Prop Inc
Bought with:
Casey Picard, DRE #01921866
Keller Williams Realty
Source: CRMLS,MLS#: GD23170551
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
Heating
- Ductless, Natural Gas
Cooling
- Gas
Appliances
- Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Carport
Features
- Has fireplace: Yes
- Fireplace features: Gas, Kitchen
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,238
- Total interior livable area: 10,238 sqft
Property
Parking
- Total spaces: 12
- Parking features: Carport
- Carport spaces: 12
Features
- Levels: Two
- Stories: 2
- Entry location: Middle
- Pool features: None
- Spa features: None
Lot
- Size: 0.28 Acres
- Features: Back Yard, Sprinklers In Front, Landscaped, Sprinklers Timer
Details
- Additional parcels included: 2331029016
- Parcel number: 2331029015
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Community & neighborhood
Community
- Community features: Urban, Valley
Location
- Region: Van Nuys
HOA & financial
Other financial information
- Total actual rent: 15729
Other
Other facts
- Listing terms: Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2023 | Sold | $2,300,000$225/sqft |
Source:  CRMLS #GD23170551 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Valley Glen
Nearby schools
GreatSchools rating
- 9/10Erwin Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Louis D. Armstrong Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Ulysses S. Grant Senior High SchoolGrades: 9-12Distance: 0.4 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,653,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,653,400
- California
- Los Angeles County
- Los Angeles
- 91401
- Valley Glen
- 6022 Fulton Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Los Angeles Topics
