MLS® ID: 18414848
4601 FULTON Avenue
Sherman Oaks, California, 91423 $2,020,000
Active Under Contract
We are pleased to announce the sale of 4601 Fulton Avenue, an 8-unit multifamily property in prime Sherman Oaks, just one block from Studio City. Available for sale for the first time in more than 30 years, the building includes a mix of one and two bedroom units and is not listed on the LA City Seismic Retrofit database (Buyer to verify). Select units feature wood flooring and renovated bathrooms, but the opportunity remains for a new investor to install interior upgrades within the well-maintained property in order to recapture the approximately 68% upside in rents. Situated south of the 101 Freeway near the intersection of Fulton Avenue and Moorpark Street, the property is within walking distance of the high-end shops and restaurants along Ventura Boulevard. The property sits squarely in a desirable neighborhood, with five different high-end condo properties within one block and dozens of single family residences for several blocks.