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6853 Fulton Ave
North Hollywood, CA 91605 Valley Glen

$1,050,000 USD

Apartments For Sale  •  4,920 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,920 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1957
  • Cap Rate 5.36 %
  • Zoning R3-1, Los Angeles
40 Transit Score
60 Walk Score

Highlights

First time for sale in over 25 years! Long term ownership
Diverse unit mix of (4) - 2 bed / 1 bath, (2) - 1 bed / 1 bath, and (1) non-conforming bachelor
Separately metered utilities for gas and electricity (with exception of bachelor unit)
Significant rental upside- Rents are roughly 60% below market. Huge upside through natural turnover or a strategic renovation plan
Completed seismic retrofit allows for asset safety
On-site laundry value-add: opportunity to reactivate the laundry room for additional income

Property Flyers

Financial Summary (Actual)

Net Operating Income: $56,246 USD (2025)
Cap Rate: 5.36 %
Total Expenses: $44,761 USD

Amenities

  • Laundry Facilities
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.0 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.2 mi
AirportDriveWalkDistance
Bob Hope 8 min - 4.1 mi
Los Angeles International 33 min - 22.7 mi
Long Beach (Daugherty Field) 52 min - 40.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Casey Picard 626-376-9224 KW Commercial
Casey Picard 626-376-9224 KW Commercial