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North Hollywood 6-Unit Multifamily Property

7047 Fulton Avenue North Hollywood, CA 91605

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Six-unit property in a thriving North Hollywood neighborhood.

Type:Multifamily
Property size:
4,400 SF
Lot size:
0.14 Acres
Price / SF:
$272/SF
Added:
May 13, 2026
Days on Market:
61
Last Refresh:
Jun 28 at 11:29 am

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 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


Investment Insights

Based on property information with market context.

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.

Key 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.

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 (±1% cap)
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 (±1% cap)
NOI $164,902 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Beauty Garden Hair Salon

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Travel Agency Hotel & Motel (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

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.
Contact an agent
(818) 640-4360 Call to check price and availability
More about this property
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