12-Unit Apartment
For Sale
$2,900,000
6955 Fulton AVE, North Hollywood, CA 91605
The property includes one- and two-bedroom apartments in North Hollywood.
Property Size8,890 SF
Price / SF$326.21
Days on Market218
Property Features for 6955 Fulton AVE
General Information
Standard status
Active
Size
8,890 SF
Property subtype
Apartment
Units
Unit Mix
4 x 1BR/1BA, 8 x 2BR/1BA
Multifamily Units
12
Building Details
Building Size
8,890 SF
Year Built
1957
Buildings
1
Listing Agency:
HK Realty
Listed By:
Armen Arakelyan · License #02137229
(818) 688-1919
Source:
Highend-estates
Added: Mar 24
Changed: Oct 26
Last Checked: Oct 26 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HK Realty
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Investment Insights
Based on property information with market context.
This 12-unit apartment property in North Hollywood was built in 1957. Its unit mix comprises four one-bedroom, one-bath apartments and eight two-bedroom, one-bath apartments.
Plans are available for two proposed accessory dwelling units above the existing covered parking area. Each proposed unit is approximately 700 square feet, with two bedrooms and two bathrooms.
Plans are available for two proposed accessory dwelling units above the existing covered parking area. Each proposed unit is approximately 700 square feet, with two bedrooms and two bathrooms.
Key Highlights
- 12 apartment units: four 1‑bedroom/1‑bath and eight 2‑bedroom/1‑bath apartments
- Built in 1957
- Plans available for two proposed 700‑square‑foot ADUs, each with 2 bedrooms and 2 bathrooms, above covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,047
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,860,940
$2.9M
Cap Rate 7%
$2,043,529
$2.0M
Cap Rate 9%
$1,589,411
$1.6M
Market Conditions
NOI Build-Up for 8,890 SF
Gross rent
$282.7K $31.80/SF
− Vacancy
−$22.6K −$2.54/SF
EGI
$260.1K $29.26/SF
− OpEx
−$117.0K −$13.17/SF
NOI
$143.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,860,940
Cap Rate 7%
$2,043,529
Cap Rate 9%
$1,589,411
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $143,047 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.76M
$4.16M – $5.55M
NOI $333,177 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
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Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes one- and two-bedroom apartments in North Hollywood.
Where is this apartment building located?
The property is located at 6955 Fulton AVE North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 12 apartment units: four 1‑bedroom/1‑bath and eight 2‑bedroom/1‑bath apartments; Built in 1957; Plans available for two proposed 700‑square‑foot ADUs, each with 2 bedrooms and 2 bathrooms, above covered parking
