6220 Fulton Avenue
6220 Fulton Avenue
$9,995,000
45
45
34,587
34,587
$289
Pending
Description
We are proud to present 6228 Fulton Ave, a 30 unit multifamily property located in the Valley Glen neighborhood in the city of Van Nuys. The seller's grandfather built this property in 1985, and it has been passed down from generation to generation since. After nearly 40 years of ownership, the family is offering up this property for sale for the very rst time in its existence. Built in 1985, this property is not subject to Los Angeles Rent Control (RSO). It is only subject to California's AB-1482...We are proud to present 6228 Fulton Ave, a 30 unit multifamily property located in the Valley Glen neighborhood in the city of Van Nuys. The seller's grandfather built this property in 1985, and it has been passed down from generation to generation since. After nearly 40 years of ownership, the family is offering up this property for sale for the very rst time in its existence. Built in 1985, this property is not subject to Los Angeles Rent Control (RSO). It is only subject to California's AB-1482 rent control laws which limit annual rent increases to 5% + CPI. With CPI currently around 3%, AB-1482 properties can currently receive a rent increase of about 8% this year. This 34,587 square foot property has an even count of 1 bedroom and 2 bedroom units. The 1 bed units average 868 square feet each, and the 2 bed units are an impressive 1,212 sqft each on average. The property has many common area amenities including a laundry room, mail room, and a pool with a courtyard for the tenants to enjoy. The property has a gated parking garage with 54 total parking spaces (8 singles and 23 tandem). The property has 45 total bedrooms so there is enough parking for each bedroom to get 1 spot and 9 additional spots for guests. The property has been professionally managed by IMT Residential for decades, and they always keep the property's conditions up to their high level of standards. In 2022, the owners spent nearly $150,000 on the following items: exterior/interior property paint, lighting upgrade throughout property, renished the pool, replaced all hallway oors, and upgraded the laundry machines to digital payment systems.
- Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
- Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 6220 Fulton Avenue
Zoning
LAR3
Parcel Number2331002033
Total Units30.0
Living Area34587
Source Living AreaVendor Enhanced
AreaValley Glen (VG)
Vacancy Rate3%
Lot Size Area23822
Location
LISTING UPDATED: 04/25/2024 11:49 AM
Property Details for 6220 Fulton Avenue
Status | Pending |
---|---|
MLS # | 24-366129 |
Days on Market | 38 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1985 |
Lot Size | 0.55 AC / 23,822 SF |
County | Los Angeles County |
Location
Building Information for 6220 Fulton Avenue
Stories4Residences-Year Built1985Building Size-Lot Size0.55 AC / 23,822 SF
Payment Calculator
$58,380 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6220 Fulton Avenue
Property History for 6220 Fulton Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6220 Fulton Avenue
Taxable ValueLand$198,054Additions$3,280,911Total$3,478,965
Tax Record2023$45,990 ($3,833 / month)
Home Facts
Total Finished SqFt34,587 SqFtAbove Grade Finished SqFt34,587 SqFtLot Size23,814 SqFtStyleMulti-Family Res (5+ Units)Year Built1985ZoningLAR3CountyLOS ANGELESAPN2331-002-033
Schools near 6220 Fulton Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Erwin Elementary School PublicK to 5 | ||
Louis D. Armstrong Middle School Charter6 to 8 | ||
Ulysses S. Grant Senior High School Public9 to 12 | ||
Jack London Community Day School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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