1617 N Fuller Ave, Los Angeles, CA, 90046
About This Home
Seller finally says Sell! Over a $1M price reduction ! 5.25 cap with significant upside and room to convert the recreation rooms into two ADU's. 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 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large 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. Units have central A/C . Walk score 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. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.
Getting Around
Walker's Paradise
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1965
Type & Style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven,Disposal
Bedrooms & Bathrooms
- Bedrooms: 62
- Bathrooms: 72
Features
- Elevator
Heating & Cooling
- Heating features: Heat Pump,Electric
- Cooling features: Air Conditioning
Interior Area
- Total structure area: 42,399
- Total interior livable area: 42,399 sqft
Property
Details
- Zoning: LAR3
- Special condition: Standard
- Other equipment: Phone System
Features
- Levels: Three Or More
- Stories: 4
- Has view: Yes
- View description: Park/Greenbelt
Lot
- Lot size: 0.62 Acres
- Lot size dimensions: 170 x 160
Parking
- Total spaces: 65
- Parking features: Subterr Tandem,Subterranean
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $83,407 | $1,000,884 |
| Home Insurance * | $2,855 | $34,260 |
| Property Taxes | $9,209 | $110,508 |
| Electricity | $9,091 | $109,102 |
| Total | $104,562 | $1,254,744 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-12 | Price change | $16,495,000 |
| 2026-01-27 | Price change | $16,950,000 |
| 2025-10-20 | Price change | $17,700,000 |
| 2024-10-23 | Listed for sale | $18,500,000 |
| 2024-10-22 | Listing removed | $18,500,000 |
| 2024-01-02 | Listed for sale | $18,500,000 |
| 2023-12-30 | Listing removed | -- |
| 2023-02-28 | Price change | $18,500,000 |
| 2022-11-21 | Price change | $19,995,000 |
| 2022-09-08 | Price change | $21,995,000 |
| 2022-08-02 | Price change | $22,995,000 |
| 2022-08-01 | Listed for sale | $23,995,000 |
| 2015-12-13 | Listing removed | $1,795 |
| 2015-12-10 | Price change | $1,795 |
| 2015-11-15 | Listed for rent | $1,895 |
| 2015-04-03 | Listing removed | $1,295 |
| 2015-04-01 | Listed for rent | $1,295 |
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