4610 Fulton Avenue
- Bulk Condominium Purchase | Individually Deeded Units
- 97% Large Two-Bedroom Condominiums
- Recent Property Upgrades Including Windows and Roof
- Surrounded by World-Class Retail and Life-Style Amenities
- WalkScore 80 | Walk to Sherman Oaks Fashion Center
Property Description
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire Fulton Gardens (the “Property”), in the affluent community of Sherman Oaks in the San Fernando Valley. The location is just minutes from the Burbank Studios including Walt Disney, Warner Brothers, and NBC/Universal, as well as the large employment centers of Downtown Los Angeles, Hollywood, the Tri-Cities, and Warner Center. The property offers a compelling value-add investment opportunity, with significant upside through capturing loss to lease and potentially exiting via the individual sale of condominium units. The well-maintained property offers many recent upgrades, such as replacing the roof and all windows since 2021, as well as opportunities to capture rental upside through mark to market adjustments upon turnover and steady rent growth evident in the market. Built in 1990, the property is not subject to local rent control restrictions and is subject only to limits indicated under AB 1482. Fulton Gardens consists of 32 individually deeded units, 31 of which are large, two-bedroom homes.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $12,160,000 |
| No. of Units: | 32 |
| Year Built: | 1990 |
| Lot Size: | 0.58 Acres |
| Opportunity Zone: | No |
| Price per unit: | $380,000 |
| Property Website | Click Here |
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