7100 Fulton AveLos Angeles, CA 91605

Property Details for 7100 Fulton Ave

Year built

1960

Construction

WOOD

Lot size

1.06 AC

Property size (Sq ft)

31,790 SF

Zone code

LAR3

Property type

Apartment buildings

APN

2327-004-027

APU

2327004027

Description

This exceptional 41-unit apartment building, located at 7100 Fulton Ave, Los Angeles, CA 91605, presents a compelling investment opportunity. The property boasts 31,790 square feet of rentable space situated on a sizable 46,156 square foot lot. The building, constructed in 1960, features a mix of 22 one-bedroom/one-bathroom and 19 two-bedroom/one-bathroom units, currently enjoying 100% occupancy. Amenities include a refreshing pool and barbecue area, on-site laundry facilities, a dedicated leasing office, secure gated entry, and ample parking (20 tuck-under and 21 covered spaces). Each unit is individually metered for electricity and gas, equipped with wall units for heating and air conditioning. Significant upgrades include updated electric panels and a completed soft-story retrofit, ensuring compliance with current safety standards. The property offers a current NOI of $415,598 and a pro-forma NOI of $675,569, translating to a current cap rate of 4.86% and a pro-forma cap rate of 7.90%. An attractive assumable loan is available with a 3.13% interest rate, maturing in October 2030. The property is conveniently located near Valley Plaza Park, James Madison Middle School, and the 170 Freeway, in a high-demand rental area south of Sherman Way and west of Coldwater Canyon Avenue. This well-maintained complex offers investors a stable, high-performing asset in a thriving Los Angeles market. The property is zoned LAR3. The asking price is $8,550,000, with a price per unit of $208,536.59 and a price per square foot of $268.95. The Assessor's Parcel Number (APN) is 2327-004-027.

• CAP approach

  CAP return

  Valuation

  6%

  $12,735,100

  6.5%

  $11,755,500

  7%

  $10,915,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,072,870

  Geo Method

  $7,072,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $18,769,100

  Retail / Commercial

  $9,660,850

  Mixed-Use / Specialty

  $9,654,910

  Hospitality / Lodging

  $7,120,610

  Office

  $9,627,240

  Institutional / Educational

  $10,047,400

  Multifamily

  $13,940,900

  Automotive / Energy

  $8,612,060

  Parking / Income-Based Land

  $2,943,760

  Restaurant / Food Service

  $5,082,420

  Healthcare / Senior Housing

  $9,871,700

Location Insight

City

North Hollywood

County

Los Angeles

State

California

Latitude

34.1996

Longitude

-118.422

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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