Assumable Loan at 3.13% Due 2030 7100 Fulton Ave

Park Fulton Apartments is located at 7100 Fulton Avenue in North Hollywood, CA. This well-maintained, rent-controlled complex consists of 41 units, offering a strong and consistent rental income stream. The unit mix at Park Fulton features 22 one-bedroom, one-bath units and 19 two-bedroom, one-bath units, providing a total of approximately 31,790 square feet of rentable living space. The property sits on a sizable 46,155 square foot lot, offering tenants comfortable living conditions with access to open spaces and common amenities.
Among the amenities are a refreshing pool and barbecue area, perfect for outdoor relaxation and social gatherings, as well as convenient on-site laundry facilities. Residents also benefit from secure entry and ample parking, with 20 tuck-under spaces and 21 covered spaces available. Additionally, the complex has a dedicated on-site leasing office, ensuring efficient management and tenant services. Each unit at Park Fulton is separately metered for electricity and gas, with individual wall units providing air conditioning and heating. Recent upgrades have been made to the electric panels, and the required soft story retrofit has been successfully completed, ensuring the property’s compliance with current safety standards. With its strong rental demand, and numerous upgrades, Park Fulton offers investors an opportunity to acquire a stable, well-maintained property in a dense rental market.
Positioned on a dense rental pocket, this property is located south of Sherman Way and west of Coldwater Canyon Avenue. Park Fulton has easy access to the 170 freeway and is within proximity to the Valley Plaza Park and James Madison Middle School.