6-Unit Apartment
7033 Fulton Avenue, North Hollywood, CA 91605
For Sale
$1,175,000
Pending
A single-building rental property offers a mix of one-, two-, and three-bedroom residences in North Hollywood.
Property Size4,935 SF
Lot Size0.17 Acres
Days on Market35
Property Features for 7033 Fulton Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Buildings
Listing Agency:
CBRE
Listed By:
John Boyett · License CA #02056759
(707) 815-7472
Source:
Pinpointrealtors
Added: Oct 7
Changed: Nov 10
Last Checked: Nov 9 at 3:56PM
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 CBRE
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Investment Insights
Based on property information with market context.
Built in 1957, this North Hollywood apartment property contains six units in one building, with 4,935 square feet of gross building area on a 7,319-square-foot lot. The residences comprise two one-bedroom, one-bath units, three two-bedroom, one-bath units, and one three-bedroom, two-bath unit.
The property is near Sherman Way, Laurel Canyon Boulevard, Valley Plaza, and the NoHo Arts District. North Hollywood Recreation Center and Valley Plaza Park are also nearby. The 170 and 101 Freeways, Universal Studios, the Burbank Media District, and Warner Bros. and Walt Disney Studios are identified as nearby transportation routes and employment destinations.
The property is near Sherman Way, Laurel Canyon Boulevard, Valley Plaza, and the NoHo Arts District. North Hollywood Recreation Center and Valley Plaza Park are also nearby. The 170 and 101 Freeways, Universal Studios, the Burbank Media District, and Warner Bros. and Walt Disney Studios are identified as nearby transportation routes and employment destinations.
Key Highlights
- Six apartments in a single building
- 4,935 square feet of gross building area on a 7,319‑square‑foot lot
- Unit mix: two 1‑bedroom/1‑bath units, three 2‑bedroom/1‑bath units, and one 3‑bedroom/2‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,408
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,588,160
$1.6M
Cap Rate 7%
$1,134,400
$1.1M
Cap Rate 9%
$882,311
$882.3K
Market Conditions
NOI Build-Up for 4,935 SF
Gross rent
$156.9K $31.80/SF
− Vacancy
−$12.6K −$2.54/SF
EGI
$144.4K $29.26/SF
− OpEx
−$65.0K −$13.17/SF
NOI
$79.4K $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%
$1,588,160
Cap Rate 7%
$1,134,400
Cap Rate 9%
$882,311
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.6K – $1.32M
NOI $79,408 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,953 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Explore this area
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
$729,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A single-building rental property offers a mix of one-, two-, and three-bedroom residences in North Hollywood.
Where is this apartment building located?
The property is located at 7033 Fulton Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Six apartments in a single building; 4,935 square feet of gross building area on a 7,319‑square‑foot lot; Unit mix: two 1‑bedroom/1‑bath units, three 2‑bedroom/1‑bath units, and one 3‑bedroom/2‑bath unit
