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Key Details
Sold Price $1,820,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $293
MLS Listing ID 18414848
Sold Date 08/09/19
Bedrooms 13
HOA Y/N No
Year Built 1953
Lot Size 10,890 Sqft
Acres 0.25
Property Description
We are pleased to announce the sale of 4601 Fulton Avenue, an 8-unit multifamily property in prime Sherman Oaks, just one block from Studio City. Available for sale for the first time in more than 30 years, the building includes a mix of one and two bedroom units and is not listed on the LA City Seismic Retrofit database (Buyer to verify). Select units feature wood flooring and renovated bathrooms, but the opportunity remains for a new investor to install interior upgrades within the well-maintained property in order to recapture the approximately 68% upside in rents. Situated south of the 101 Freeway near the intersection of Fulton Avenue and Moorpark Street, the property is within walking distance of the high-end shops and restaurants along Ventura Boulevard. The property sits squarely in a desirable neighborhood, with five different high-end condo properties within one block and dozens of single family residences for several blocks.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Carport
Parking Type Carport
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2360021013
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap
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