Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 30 years.Rents are 50 % below market ! The Market Cap Rate is over 8% with a 9 x GRM.Property has lobby - pool- elevator - room to add multiple ADU's , a gym and a roof top deck.The property was built in 1965 but completely renovated in the 1980s. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops.This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley.There is a tremendous amount of development and job availability in the immediate area.Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within a 10 min drive.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 1965
Stories: 4
Living Area: 42,399 SqFt
Listing Office:
Office Name: Keller Williams Realty Calabasas
Office Phone: (818) 657-6500
Listing Agent: Alex Galuz
Interior Features
Interior Information:
Appliances: Disposal
Bedroom and Bathroom Information:
Total Bedroom Count: 62
Exterior Features
Exterior Information:
View: Park
Parking Information:
Parking: Underground
Lot Features
Lot Information:
Lot Size: 0.62 Acres
Utilities
Utilities Information:
Heating: Electric, Heat Pump
Other
Directions Information:
Directions: Between Sunset and Hollywood Blvd just west of La Brea
Price Information
Listing Price Info
Price Summary:
List Price: $18,500,000
Price Per SqFt: $436/SqFt
Tax Information:
Annual Amount: $54,573
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $17.4M more than the Median Sold Price and $204/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24455673
Listing Office:
Office Name: Keller Williams Realty Calabasas
Office Phone: (818) 657-6500
Listing Agent: Alex Galuz
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 8:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 10, 1993
Sep 10, 1993Home Sold
$2,675,000
Dec 22, 1988
Dec 22, 1988Home Sold
$3,450,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$54,573
$4,213,012
2020
$53,035
$4,157,403
2019
$52,584
$4,075,887
2018
$51,438
$3,995,968
2017
$51,438
$3,917,617
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Gardner Street Elementary
7450 Hawthorn Ave
Distance between this listing and this school0.18 miles
Public District Grades PK-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.13 miles
Public District Grades KG-5
5
/10
Vine Street Elementary
955 Vine St
Distance between this listing and this school1.52 miles
Public District Grades KG-6
Nearby Schools
4
/10
Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.12 miles
Public District Grades 6-8
6
/10
Laurel School
925 N Hayworth Ave
Distance between this listing and this school1.19 miles
Public District Grades KG-8
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.84 miles
Public District Grades 6-8
Nearby Schools
6
/10
Hollywood High School
1521 N Highland Ave
Distance between this listing and this school0.51 miles
Public District Grades 9-12
8
/10
Larchmont Charter
1265 N Fairfax Ave
Distance between this listing and this school0.87 miles
Public Charter Grades KG-12
6
/10
Fairfax High School
7850 Melrose Ave
Distance between this listing and this school1.36 miles
The neighbors living near this home have an average income of $38,669. Residents of Los Angeles, CA typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1617 N Fuller Ave
What is the listing price of this property?
The listing price of 1617 N Fuller Ave property is $18,500,000.
What type of property is this?
The property 1617 N Fuller Ave is a house located in Los Angeles, California, 90046.
Is this property for sale now?
Active Listing: 1617 N Fuller Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $54,573 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 10, 1993 for $2,675,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1617 N Fuller Ave has 62 bedrooms and 72 bathrooms.
What is the square footage of this property?
The property 1617 N Fuller Ave is 42,399 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1617 N Fuller Ave is 1965.
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This home is located at 1617 N Fuller Ave in Los Angeles, CA and zip code 90046 in the Central LA neighborhood. This 42,399 square foot home, which was built in 1965, sits on a 0.62 acre lot. Features: 62 bedrooms, 72 bathrooms. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $18,500,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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