North Hollywood 6-Unit Multifamily
7047 Fulton Avenue, North Hollywood, CA 91605
Six-unit property in a thriving North Hollywood neighborhood.
Type:Multifamily
Property size:
4,400 SFLot size:
0.14 AcresPrice / SF:
$272/SF- Added:
- May 13, 2026
- Days on Market:
- 18
- Last Refresh:
- May 14 at 9:42 pm
Property Features for 7047 Fulton Avenue
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing agent Cindy Hill License #CA 00885625
Listing office Equity Union
Listing date May 13, 2026
Source Crexi
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 Equity Union
HighLights
- Located in North Hollywood, a rapidly developing area with a thriving Arts District.
- Proximity to public transportation, including Metro rail stations.
- Easy access to the 101, 170, and 134 freeways.
- The property consists of a desirable unit mix of (2) 1+1 units and (4) 2+1 units.
- Total rentable area of 4,400 square feet on a 6,000 square foot lot.
- Property located in a diverse, thriving neighborhood.
Overview
This 6-unit property, constructed in 1957, is located in North Hollywood. The building offers 4,400 rentable square feet on a 6,000 square foot lot. The unit mix includes two 1-bedroom, 1-bathroom units and four 2-bedroom, 1-bathroom units. North Hollywood's NoHo Arts District is known for its pedestrian-friendly urban village atmosphere, historic shopping options, and diverse local restaurants and bars. The area is home to numerous theaters, art galleries, cafes, music recording venues, and shops. Residents benefit from convenient access to public transportation, including Metro rail stations, the North Hollywood Red Line, and Orange Line busways, as well as the 101, 170, and 134 freeways. A $1 billion mixed-use development is currently underway at Lankershim and Chandler, which will redevelop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This development, combined with the thriving Arts District, may make North Hollywood a desirable location for investment.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.9k | $31.80 |
| − Vacancy | −$11.2k | −$2.54 |
| EGI | $128.7k | $29.26 |
| − OpEx | −$57.9k | −$13.17 |
| NOI | $70.8k | $16.09 |
4,400 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$885.0K – $1.18M
NOI $70,800 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,902 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
The Beauty Garden
Hair Salon
Location Insight
- Map
- Local Demand
- City
- North Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.4226969
- Latitude
- 34.1988012
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit property in a thriving North Hollywood neighborhood.
Where is this apartment building located?
The property is located at 7047 Fulton Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Located in North Hollywood, a rapidly developing area with a thriving Arts District.; Proximity to public transportation, including Metro rail stations.; Easy access to the 101, 170, and 134 freeways.
