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34305527
34305529

6535 Fulton, Los Angeles, CA 91401 For Sale

JC
01900624
Keller Williams South Bay
Listed by Keller Williams South Bay
$3,998,000
8 days on market
Updated 6 days ago

6535 Fulton Ave.

Details
APN 2329025023
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,891
Units 16
Cap Rate 5.82%
NOI $227,394
Occupancy 93.7%
Tenancy Multi
Pro-Forma Cap Rate 8.92%
Pro-Forma NOI $355,717
Price per SqFt $268
Year Built 1963
Buildings 1
Stories 2
Acreage 0.361
Zoning Assessor
Parking Spaces 16 spaces
Parking per 1,000 SqFt 1.07
Investment Type Value Add

6535 Fulton Ave., Van Nuys, CA 91401

Marketing description

Exceptional 16-unit apartment community located in the highly desirable Valley Glen neighborhood of Van Nuys. Built in 1963, this well-maintained investment opportunity features an attractive unit mix of eleven 2-bedroom/1-bath units, two 2-bedroom/2-bath units, and three spacious 3-bedroom/2-bath units, appealing to a broad tenant base. Several units have been updated with modern kitchens, granite countertops, white cabinetry, stainless steel appliances, and refreshed bathrooms, providing immediate appeal while offering additional value-add potential. The property offers desirable amenities including a courtyard swimming pool, on-site laundry facilities, 16 on-site parking spaces (13 covered and 3 uncovered), attractive landscaping, and a gated, professionally maintained environment. Spacious floor plans averaging approximately 1,000 square feet contribute to strong tenant demand. Ideally situated just north of Victory Boulevard, the property is surrounded by an abundance of shopping, dining, parks, and everyday conveniences. Residents enjoy easy access to the 170, 101, and 405 Freeways, providing convenient connectivity throughout the San Fernando Valley and Greater Los Angeles. Nearby employers, schools, and entertainment destinations further enhance the property's long-term desirability. This is an outstanding opportunity for investors seeking stable in-place income with the potential to increase cash flow through continued interior renovations and strategic asset management in one of the Valley's strongest multifamily rental markets.

Investment highlights

  • 16-Unit Apartment Community in Prime Valley Glen
  • Excellent Unit Mix with Spacious 2 & 3 Bedroom Floor Plans
  • Strong Value-Add Opportunity Through Rental Upside
  • Minutes to the 101, 170 & 405 Freeways
  • 0.36 Acres
  • Zoning: LARD1.5
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Listing Contacts

JC
01900624
Keller Williams South Bay
Listed by Keller Williams South Bay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$227,394.00
$18,949.50/mo

Valuation Metrics

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DSCR
5.69%
Cap Rate
5.69%
ROI

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