Description

Presenting an investment opportunity at 5950 Fulcher Avenue, situated in the heart of North Hollywood, a dynamic and rapidly growing neighborhood. This charming 13-unit apartment building, constructed in 1958, features a mix of 11 one-bedroom units and 2 studio units. The building spans 6,950 square feet and is ideally positioned on a 10,288 square foot lot. The property is zoned LARD2 and located near the vibrant NoHo Arts District, popular restaurants, trendy cafes, and shopping destinations ensures high tenant demand, contributing to long-term rental stability. Noteworthy upgrades include mostly copper plumbing and a new roof installed in 2012, providing investors with peace of mind and reducing near-term maintenance costs. Many units have been remodeled enhancing both tenant satisfaction and the building’s marketability. Additional amenities, such as an on-site laundry facility and 6 parking spaces. Located just minutes from the North Hollywood Metro Station, the NoHo Arts District, and major freeways, this property offers easy access to all of Los Angeles, further enhancing its appeal to current and future tenants.