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Value Add Opportunity | 10% Upside In Rents 6034 Fulton Ave 12 Unité Immeuble d’appartements 4 301 829 $ CAD (358 486 $ CAD/Unité) 5,36% Taux de capitalisation Van Nuys, CA 91401
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Non-RSO / AB 1482 Only: Exempt from the City of LA's Rent Stabilization Ordinance.
- Diverse Unit Mix: The property offers three floor plans: 1B/1B flats (650 SF), 1B/1B + Loft units (850 SF),and 2B/2B (904 SF)
- First Offering in 30 Years: Acquired in 1996 as an REO sale and held continuously by the Berkus Estate, this property has never been offered for sale.
- 10.1% Rent Upside: Current rents average $2,029/month across all unit types.
- This variety creates natural tenant segmentation, reduces concentration risk, and supports strong occupancy across multiple renter demographics.
Résumé de l'annonce
The LAAA Team of Marcus & Millichap is pleased to present 6034 Fulton Avenue, a 12-unit multifamily property located on a quiet residential block in the Valley Glen/Van Nuys border submarket of the San Fernando Valley. Built in 1990, the two-story building encompasses 9,614 square feet of rentable area on an 8,540-square-foot lot zoned R3-1. The property features a diverse unit mix of four one-bedroom/one-bath flats, four one-bedroom-plus-loft/one-bath units, and four two-bedroom/two-bath flats, offering functional layouts ranging from 650 to 904 square feet.
The property is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), subject only to AB 1482 (the California Tenant Protection Act), which allows annual rent increases of 5% plus CPI. All 12 units are individually metered for gas and electric, with the owner responsible only for cold water and central boiler hot water. The diverse unit mix appeals to a broad tenant pool, from singles and students (Valley College is 0.5 miles away) to couples and small families, supporting stable occupancy and organic demand throughout market cycles.
With in-place rents averaging $2,029 per month and achievable market rents of $2,233 per month, the property presents a 10.1% rent upside opportunity for a new buyer. The 30-year ownership under the Berkus Estate represents the first offering of this asset since 1996, positioning it as a rare acquisition opportunity in a supply-constrained corridor. TOC Tier 3 eligibility provides additional long-term density bonus potential for a future development play, adding strategic optionality beyond the near term income upside.
The property is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), subject only to AB 1482 (the California Tenant Protection Act), which allows annual rent increases of 5% plus CPI. All 12 units are individually metered for gas and electric, with the owner responsible only for cold water and central boiler hot water. The diverse unit mix appeals to a broad tenant pool, from singles and students (Valley College is 0.5 miles away) to couples and small families, supporting stable occupancy and organic demand throughout market cycles.
With in-place rents averaging $2,029 per month and achievable market rents of $2,233 per month, the property presents a 10.1% rent upside opportunity for a new buyer. The 30-year ownership under the Berkus Estate represents the first offering of this asset since 1996, positioning it as a rare acquisition opportunity in a supply-constrained corridor. TOC Tier 3 eligibility provides additional long-term density bonus potential for a future development play, adding strategic optionality beyond the near term income upside.
Faits sur la propriété
| Prix | 4 301 829 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 358 486 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,20 AC |
| Taux de capitalisation | 5,36% | Taille du bâtiment | 9 614 pi² |
| Multiplicateur du loyer brut | 10.92 | Occupation moyenne | 90% |
| Nombre d’unités | 12 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1990 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,25/1 000 pi² |
| Zonage | R3-1, Los Angeles | ||
| Prix | 4 301 829 $ CAD |
| Prix par unité | 358 486 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,36% |
| Multiplicateur du loyer brut | 10.92 |
| Nombre d’unités | 12 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,20 AC |
| Taille du bâtiment | 9 614 pi² |
| Occupation moyenne | 90% |
| Nombre d’étages | 2 |
| Année de construction | 1990 |
| Ratio de stationnement | 1,25/1 000 pi² |
| Zonage | R3-1, Los Angeles |
Commodités
Commodités du site
- Installations de lessive
- Piscine
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 8 | - | 625 - 700 |
| 2+2 | 4 | - | 950 |
1 1
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 2331-028-012 | Évaluation des bâtiments | 943 282 $ CAD |
| Évaluation du terrain | 504 004 $ CAD | Évaluation totale | 1 447 286 $ CAD |
Impôts fonciers
Numéro de lot
2331-028-012
Évaluation du terrain
504 004 $ CAD
Évaluation des bâtiments
943 282 $ CAD
Évaluation totale
1 447 286 $ CAD
Contacts
-
Glen Scher -
Filip Niculete -
Martin Agnew -
Ryan Rothstein-Serling -
Joshua Yaris -
Marcus & Millichap
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Value Add Opportunity | 10% Upside In Rents | 6034 Fulton Ave
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