7100 Fulton Ave Los Angeles, CA 91605

This exceptional 41-unit apartment building, located at 7100 Fulton Ave, Los Angeles, CA 91605, presents a compelling investment opportunity. The property boasts 31,790 square feet of rentable space situated on a sizable 46,156 square foot lot. The building, constructed in 1960, features a mix of 22 one-bedroom/one-bathroom and 19 two-bedroom/one-bathroom units, currently enjoying 100% occupancy. Amenities include a refreshing pool and barbecue area, on-site laundry facilities, a dedicated leasing office, secure gated entry, and ample parking (20 tuck-under and 21 covered spaces). Each unit is individually metered for electricity and gas, equipped with wall units for heating and air conditioning. Significant upgrades include updated electric panels and a completed soft-story retrofit, ensuring compliance with current safety standards. The property offers a current NOI of $415,598 and a pro-forma NOI of $675,569, translating to a current cap rate of 4.86% and a pro-forma cap rate of 7.90%. An attractive assumable loan is available with a 3.13% interest rate, maturing in October 2030. The property is conveniently located near Valley Plaza Park, James Madison Middle School, and the 170 Freeway, in a high-demand rental area south of Sherman Way and west of Coldwater Canyon Avenue. This well-maintained complex offers investors a stable, high-performing asset in a thriving Los Angeles market. The property is zoned LAR3. The asking price is $8,550,000, with a price per unit of $208,536.59 and a price per square foot of $268.95. The Assessor's Parcel Number (APN) is 2327-004-027.