$3,750,000 Price Analysis   ♡   Van Nuys, CA 91401 35 bed 22 bath 14,891 SqFt ($251/SqFt) 0.36 acre lot. Built 1963 Listed 2024-06-24, Taxes $12,729 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present a sixteen (16)
* No Longer For Sale *
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Unit apartment building located at 6535 Fulton Avenue in Los Angeles, California. The subject property is situated in a extraordinary Valley Glen location, north of Victory Boulevard and east of Van Nuys Boulevard. Built in 1963, this property contains an incredible unit mix of eleven (11) two-bedroom / one-bathrooms units, two (2) two-bedroom / two-bathroom units and three (3) three-bedroom / two-bathroom units. One (1) uni t will be delivered vacant. Select units were recently refurbished with new flooring and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature pleasing granite countertops, bright white cabinets and stainless steel appliances.
Each unit is big averaging around 1, 000 square feet. Residents can take advantage of the property's on-site amenities, such as laundry facilities, thirteen (13) covered parking spaces, three (3) uncovered parking spaces, courtyard swimming pool and a quaint, grassy front yard. The property includes a large vacant storage space that can be easily converted into an ADU. The subject property is situated in Valley Glen, one (1) block south of Fulton Avenue Park. Valley Glen is a dynamic and diverse family-friendly portion of the San Fernando Valley that offers plenty of fun activities, good local food, great parks and nice buildings. Situated in a great Valley Glen location, this offering presents an excellent opportunity for any investor to capitalize on the strong rental upside in a core market of Los Angeles.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-407663 from TheMLSCLAW
Full Bathrooms: 22
Laundry Features: Laundry Area
Heating Features: Wall
Garage Description: Covered Parking, Uncovered, Gated
Parking Total: 16
Patio Features: Balcony
Lot Size Acres: 0.3610422
Lot Size Dimensions: 120x132
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 15727
Other Equipment: Range/Oven, Refrigerator, Built-Ins
Security Features: Gated
Vacancy Allowance: 9865
Calculated Total Monthly Association Fees: 0
Number of Units: 16
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2350, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 2400, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3000
Source Listing Status: Sold
County: Los Angeles
Cap Rate: 5.75
Directions: The subject property is situated in a great Valley Glen location, north of Victory Boulevard and east of Van Nuys Boulevard.
Source Property Type: Residential Income
Area: Valley Glen
Source Neighborhood: Valley Glen
Parcel Number: 2329-025-023
Property Location: City
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $531,818 + $354,541 $886,359 | $12,729 |
| 2021 | $521,391 + $347,590 $868,981 | $12,498 |
| 2020 | $516,045 + $344,026 $860,071 | $12,591 |
| 2019 | $505,927 + $337,281 $843,208 | $12,172 |
| 2018 | $496,007 + $330,668 $826,675 | $11,873 |
| 2017 | $486,282 + $324,185 $810,467 | $11,570 |
| 2016 | $476,748 + $317,829 $794,577 | $11,148 |
| 2015 | $469,587 + $313,055 $782,642 | $11,007 |
| 2014 | $460,389 + $306,923 $767,312 | $11,148 |
| 2013 | $458,309 + $305,536 $763,845 | $11,149 |
| 2012 | $449,323 + $299,546 $748,869 | $11,293 |
| 2010 | $440,513 + $293,673 $734,186 | $11,085 |
| 2009 | $438,260 + $292,172 $730,432 | $10,704 |
| 2009 | $437,221 + $291,479 $728,700 | $10,704 |
| 2008 | $1,160,000 + $1,000,000 $2,160,000 | $27,491 |
| 2007 | $421,243 + $280,828 $702,071 | $9,936 |
$3,750,000
TheMLSCLAW
Listed 2024-06-24
$3,750,000
TheMLSCLAW
Year Built: 1963
Common Walls: Attached
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 61
Property Condition: Fixer, Repair Cosmetic
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.