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Team Reyes Real Estate
Real Estate Specialist

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1617 Fuller Avenue Los Angeles, CA 90046-

16,495,000

General Information
  • Status: Active
  • Type:Multi-Family
  • Bedrooms
  • Bathrooms
  • Square feet: 42,399
  • Lot size: 27,129
  • Year built: 1965
  • Mls# 24455673
  • Days on Market: 731
  • Units: 60
  • Acres:
  • HOA Fees:
  • Seller finally says Sell! Over a $1M price reduction ! 5.25 cap with significant upside and room to convert the recreation rooms into two ADU's. Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large pool- elevator - room to add multiple ADU's , a gym and a roof top deck. The property was built in 1965 but completely renovated in the 1980s. Units have central A/C . Walk score is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops.This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area.Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within a 10 min drive. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.
    Features
    • Disposal
    • Contemporary Style
    • Electric Heat
    • HeatPump Heat
    • Underground
    • Source:TheMLS
    • LA:Alex Galuz
    • Co-LA:
    • Listing Updated:10/12/2026 9:45:05 AM
    • LO:Keller Williams Studio City,CLW-X74052
    • Co-LO:
    • Database Updated:2026/10/24 03:30:59
    • SA:
    • SO:
    • Co-SA:
    • Co-SO:

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