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6535 Fulton Ave, Van Nuys, CA, 91401

35beds
22baths
14,891sqft
$3,998,000
$268price/sqft
$26,282/moest. monthly cost
$1,051,280/yrincome needed

About This Home

Exceptional 16-unit apartment community located in the highly desirable Valley Glen neighborhood of Van Nuys. Built in 1963, this well-maintained investment opportunity features an attractive unit mix of eleven 2-bedroom/1-bath units, two 2-bedroom/2-bath units, and three spacious 3-bedroom/2-bath units, appealing to a broad tenant base. Several units have been updated with modern kitchens, granite countertops, white cabinetry, stainless steel appliances, and refreshed bathrooms, providing immediate appeal while offering additional value-add potential. The property offers desirable amenities including a courtyard swimming pool, on-site laundry facilities, 16 on-site parking spaces (13 covered and 3 uncovered), attractive landscaping, and a gated, professionally maintained environment. Spacious floor plans averaging approximately 1,000 square feet contribute to strong tenant demand. Ideally situated just north of Victory Boulevard, the property is surrounded by an abundance of shopping, dining, parks, and everyday conveniences. Residents enjoy easy access to the 170, 101, and 405 Freeways, providing convenient connectivity throughout the San Fernando Valley and Greater Los Angeles. Nearby employers, schools, and entertainment destinations further enhance the property's long-term desirability. This is an outstanding opportunity for investors seeking stable in-place income with the potential to increase cash flow through continued interior renovations and strategic asset management in one of the Valley's strongest multifamily rental markets.

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

Construction

Condition

  • Year built: 1963

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 35
  • Bathrooms: 22

Features

  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total structure area: 14,891
  • Total interior livable area: 14,891 sqft

Property

Details

  • Parcel number: 2329025023
  • Special condition: Standard

Features

  • Entry location: E
  • Private pool: Yes
  • Pool features: In Ground,Private

Lot

  • Lot size: 0.36 Acres
  • Features: 16-20 Units/Acre

Parking

  • Total spaces: 16
  • Parking features: Carport
  • Covered spaces: 13
  • Uncovered spaces: 3
  • Carport: Yes
  • Carport spaces: 13