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6022 Fulton Avenue
Van Nuys, CA 91401
Sold
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.
PROPERTY INFORMATION
| MLS # | GD23170551 | Lot Size | 12,401 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 2,800,000
Price Per SqFt: $ 273 |
DOM | 597 Days |
| Address | 6022 Fulton Avenue | Type | Residential Income |
| City | Van Nuys | Sq.Ft. | 10,238 Sq. Ft. |
| Postal Code | 91401 | Garage | N/A |
| County | Los Angeles | Year Built | 1953 |
| Bed / Bath | 24 / 0 | Parking | 12 |
| Built In | 1953 | Status | Closed |
| Sold Date | 2023-10-10 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Gas & Electric Dryer Hookup, In Carport |
| Has Fireplace | Yes |
| Fireplace Information | Kitchen, Gas |
| Has Heating | Yes |
| Heating Information | Ductless, Natural Gas |
| Has Cooling | Yes |
| Cooling Information | Gas |
| EntryLocation | Middle |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,987
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/10/2023 | Sold | $2,300,000 |
| 09/12/2023 | Sold | $2,800,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Randy Rohrer, Pacific West Business Prop Inc. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
