7021 Fulton, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath
ACTIVE$1,520,000
7021 Fulton, North Hollywood, California 91605
0Bed
0Bath
4,935Sqft
7,320Lot
Year Built
1957
Close
-
List price
$1.52M
Original List price
$1.52M
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
GD25236146
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
Attractive 6-unit garden style building that offers a desirable unit mix of 1, 2 and 3 bedrooms. The property consists of (1) - 3 bed 2 bath, (2) - 2 bed 1 bath, and (3) 1 bed 1 bath units. Opportunity to capture significant upside in rental income stream. Centrally located with proximity to freeways, transportation, and services. The property offers covered parking, storage area, and onsite laundry.
Price History
Date
Event
Price
10/23/25
Listing
$1,520,000
Condition Rating
Poor
Built in 1957, this property is over 65 years old with no evidence of recent major renovations. The visible interior images show outdated heating (wall-mounted gas heater) and cooling (window AC units), indicating inefficient and old systems. While some superficial updates like laminate flooring are present, the overall condition, particularly the implied state of kitchens and bathrooms (not fully pictured but likely original or very old given the property's age), suggests a need for substantial repairs and rehabilitation to meet modern living standards and achieve the advertised 'rental upside'. Major components require extensive system replacements and modernization.
Pros & Cons
Pros
Desirable Unit Mix: The property offers a versatile unit mix of 1, 2, and 3 bedrooms, catering to a broad tenant base and enhancing occupancy potential.
Significant Rental Upside: Explicitly stated opportunity to capture significant upside in rental income stream, indicating strong investment potential for increased cash flow.
Central Location: Centrally located with excellent proximity to freeways, public transportation, and essential services, making it highly attractive to tenants.
Tenant Amenities: The property provides valuable on-site amenities including covered parking, a storage area, and onsite laundry, which are strong draws for prospective tenants.
Multi-Unit Investment: A 6-unit garden style building offers diversified income streams and a stable investment opportunity in a desirable area.
Cons
Age of Property: Built in 1957, the property is over 65 years old, suggesting potential for aging infrastructure, systems, and deferred maintenance requiring future capital expenditures.
Unspecified Renovation Status: While offering rental upside, the description does not detail recent renovations or upgrades to units or common areas, implying potential for significant investment to modernize and achieve market rents.
Potential for Higher Operating Costs: Older buildings often incur higher ongoing maintenance and repair costs, and potentially less energy-efficient systems, which could impact net operating income.