6729 Fulton AVE

Van Nuys,CA 91401

$ 1290000

8 Beds

6 Baths

4416 SqFt


Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,416 sqft

Price per Sqft $292

MLS Listing ID 24406358

Bedrooms 8

Year Built 1954

Lot Size 5,806 Sqft

Property Description

Fantastic 6-unit value add investment property located in Van Nuys. The mid-century apartment complex, built in 1954, offers a total of 4,416 square feet of living space, with each unit boasting 736 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (4) 1-bed / 1-bath units. Several of the units have received interior upgrades over the years, including new shower tiling and enclosures. The building has received significant capital improvements including the installation of copper plumbing in certain areas, new exterior paint, a newly landscaped and luscious shared fruit/food garden, and approximately 75% new windows. The roof was also fully replaced in June 2023. Additionally, there is a separate parking space and storage unit for each apartment at the rear of the building. There's also a laundry room that is currently being used as an owner storage area, but can easily be converted back to a laundry facility for additional income. 6729 Fulton Ave is fully occupied and offers over 60% upside on the current rents!

Location

State CA

County Los Angeles

Area Vg - Valley Glen

Zoning LARD1.5

Interior

Heating Wall Furnace

Exterior

Garage Carport

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

View More
Favorite Go Tour