Multi-Family for sale in Southern California — $16,495,000. 62 beds · 72 baths · 42,399 sqft. Seller finally says Sell! Over a $1M price reduction ! 5.25 cap with significant upside and room to convert the recreation rooms into two ADU's. Trophy Value Add Muti-family Investment opportunity in a Prime Holl…
$16,495,000
1617 N Fuller Avenue, Los Angeles, CA 90046
Seller finally says Sell! Over a $1M price reduction ! 5.25 cap with significant upside and room to convert the recreation rooms into two ADU's. Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large pool- elevator - room to add multiple ADU's , a gym and a roof top deck. The property was built in 1965 but completely renovated in the 1980s. Units have central A/C . Walk score is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops.This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area.Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within a 10 min drive. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.
Listing updated: May 28, 2026 at 2:59 PM
Listed by: Alex Galuz, Keller Williams Realty Calabasas
Source: CRMLS, MLS#: 24455673, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
3/11/2026 Source: CRMLS, #24455673 | Price change | $16,495,000$389/sqft-2.7% |
| 1/26/2026Source: CRMLS, #24455673 | Price change | $16,950,000$400/sqft-4.2% |
| 10/20/2025Source: CRMLS, #24455673 | Price change | $17,700,000$417/sqft-4.3% |
| 10/23/2024Source: CRMLS, #24455673 | Price change | $18,500,000$436/sqft+6.9% |
| 10/22/2024Source: CRMLS, #24455673 | Listed for sale | $17,300,000$408/sqft |
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