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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,300,000

Est. payment - /mo

10 Baths

3,994 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,994 sqft

Price per Sqft $575

MLS Listing ID 26653737

HOA Y/N No

Year Built 1925

Lot Size 8,241 Sqft

Property Description

807 N. Fuller Street presents a 11-unit boutique multifamily investment opportunity featuring distinctive 1920s Spanish/Mediterranean architecture with enduring curb appeal and historic character. The offering includes highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 6.62% cash-on-cash return and strong day-one leveraged cash flow. The property generates stable in-place income at a 11.93 GRM and 4.8% cap rate, equating to approximately $209,091 per unit and $575 per square foot.A free-standing structure at the rear of the property has historically been rented as a non-conforming unit. Seller has obtained preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.The asset offers the opportunity to unlock meaningful rental upside through strategic interior upgrades while preserving its architectural integrity. Favorable assumable financing enhances acquisition economics and mitigates financing risk in today's interest rate environment.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5526006003

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1OwVql4m0ic1D5h0LLCkhfyvmY1pEVVzH?usp=drive_link

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Listed by David Miller Miller & Desatnik Realty Co. #02105346

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807 N Fuller AVE Los Angeles, CA 90046