16-Unit Apartment
7048 Fulton Avenue, North Hollywood, CA 91605
For Sale
$2,649,000
On-site laundry and parking serve residents, with one space allocated per bedroom.
Property Size10,682 SF
Days on Market22
Property Features for 7048 Fulton Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Highway Access
Multifamily Units
Amenities
on-site laundry
Attractively Priced at Only $165,563 per Unit
Solid Repositioning Opportunity — Current Rents Approximately 27% Below Market
All Seismic Retrofit Repairs Completed (Buyer to Verify)
Full Copper Plumbing
Convenient Shopping Access — Trader Joe's, Ralphs, Home Depot, and Vallarta Supermarkets All Within Three Miles
Supplemental Income Stream Generated via On-Site Laundry Facilities
Fully Parked — One Parking Space per Bedroom for Easier Leasing
Less than Two Miles from Upcoming East San Fernando Valley Light Rail Transit Line
Building Details
Building Size
Buildings
Stories
Units
Listing Agency:
Encino Office
Listed By:
Rick E. Raymundo
(213) 943-1855
Source:
Marcusmillichap
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 2:17AM
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 Encino Office
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 16 units and includes on-site laundry facilities. Seismic retrofit repairs have been completed, subject to buyer verification, and parking is provided at a rate of one space per bedroom.
The property is near the Fulton Avenue and Sherman Way intersection in North Hollywood. The 170, 101, 5, and 405 freeways provide access to the wider Los Angeles area. Trader Joe’s, Home Depot, Ralphs, Vallarta Supermarkets, and Walgreens are all within three miles.
The property is near the Fulton Avenue and Sherman Way intersection in North Hollywood. The 170, 101, 5, and 405 freeways provide access to the wider Los Angeles area. Trader Joe’s, Home Depot, Ralphs, Vallarta Supermarkets, and Walgreens are all within three miles.
Key Highlights
- 16‑unit, two‑story apartment property
- Seismic retrofit repairs completed; buyer to verify
- On‑site laundry facilities provide supplemental revenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,882
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,437,640
$3.4M
Cap Rate 7%
$2,455,457
$2.5M
Cap Rate 9%
$1,909,800
$1.9M
Market Conditions
NOI Build-Up for 10,682 SF
Gross rent
$339.7K $31.80/SF
− Vacancy
−$27.2K −$2.54/SF
EGI
$312.5K $29.26/SF
− OpEx
−$140.6K −$13.17/SF
NOI
$171.9K $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%
$3,437,640
Cap Rate 7%
$2,455,457
Cap Rate 9%
$1,909,800
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.86M
NOI $171,882 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.72M
$5.00M – $6.67M
NOI $400,337 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
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
$729,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - On-site laundry and parking serve residents, with one space allocated per bedroom.
Where is this apartment building located?
The property is located at 7048 Fulton Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,649,000.
What are key features of this property?
This property features: 16‑unit, two‑story apartment property; Seismic retrofit repairs completed; buyer to verify; On‑site laundry facilities provide supplemental revenue
