Listed by Marcus & Millichap - Los Angeles
$30,000,000
1443 N Fuller Ave
Details
APN 5550-018-025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 84,510
Units 82
Cap Rate 4.94%
NOI $1,480,561
Occupancy 94%
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $1,747,633
Price per SqFt $355
Year Built 1987
Buildings 1
Stories 4
Lot Size (SqFt) 34,503
Zoning LAR3
Ownership Fee Simple
Multifamily | 82 Units | $365,854/unit
Marketing description
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 1443 N Fuller Ave, an 82-unit multifamily apartment building located in the highly desirable 90046 zipcode of Los Angeles.
1443 N Fuller Ave is strategically located on the cusp of three unique neighborhoods that have emerged as some of Los Angeles’s hippest areas allowing residents to enjoy trendy nightlife, a plethora of culinary hot spots, and other entertainment options.
Investment highlights
- Resort-Style Outdoor Amenities: The property features a swimming pool and rooftop deck, enhancing tenant appeal and supporting a premium residential experience.
- Controlled-Access Community: Secure entry provides an added layer of privacy and safety, contributing to resident comfort and long-term tenant retention.
- Spacious Unit Layouts with Private Outdoor Space: Large apartment units with balconies offer functional living space and indoor-outdoor appeal that differentiates the asset within the submarket.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,480,561.00
$123,380.08/mo
Valuation Metrics
0
DSCR
4.94%
Cap Rate
4.94%
ROI
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