6022 Fulton Avenue, Van Nuys, CA 91401
Property
Sold October 2023
Listing Agent: Randy Rohrer (DRE #00672287) · Listing Office: Pacific West Business Prop Inc · Contact: 818-244-3000 · Bought with: Casey Picard · Keller Williams Realty · MLS #GD23170551 · Source: CRMLS
About this property
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.
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history