With excellent visibility along one of the San Fernando Valley's main thoroughfares, the property offers an investor the opportunity to add significant value by recapturing approximately 30% in rent upside. Five garage parking spaces in the rear of the property provide a unique amenity for this neighborhood, as well as… Read More a supplemental revenue stream. Portions of the plumbing system have already been upgraded with copper pipes. The building is not on the Los Angeles Department of Building and Safety's seismic retrofit list, saving an owner from an otherwise costly renovation (Buyer to verify). Located near the intersection of Fulton Avenue and Victory Boulevard, the property allows tenant convenient access to the 170 and 101 Freeways. NoHo West, a newer mixed-use development, is only two miles from the building and offers residents a variety of dining and entertainment options, including Regal Cinemas, Trader Joe's, LA Fitness, Starbucks, Nordstrom Rack, and Paris Baguette. Read Less
Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 310-259-7556
Listing Snapshot
Days Online
238
Last Updated
Beds
7
Square Ft.
3,468
Lot Size
0.14 Acres
Year Built
1951
MLS Number
25565131
Additional Details
Building
Built in 1951, Living area: 3468.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $99,312, Net Operating Income: $58,367
Lot
0.1405 acres, Dimensions: 51x120
Parking
5 total parking spaces, Assigned
Taxes
Parcel Number: 2330002015, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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