1226 N Fuller Avenue

Description

We are proud to present The Enclave, located at 1226 North Fuller Avenue in the City of West Hollywood, California. This investment opportunity presents an ideal income property for an investor looking to acquire an attractively priced asset in a highly desirable sub-market of Los Angeles. The Enclave is a highly improved and well-kept apartment complex comprised of (19) 1-Bedroom + 1-Bath and (3) 2-Bedroom + 2-Bath well-appointed units, totaling 17,468 BSF. It was built in 1964 and is located on a 14,858 SF lot, zoned WDR3B*. Situated on a quiet and beautiful tree-lined street, The Enclave provides each of its tenants with an array of communal amenities, including secured intercom entry with 24-hour CCTV security cameras throughout, along with 22 assigned parking spaces, lush and mature landscaping, a sparkling swimming pool with outdoor lounge, and an on-site laundry facility. In addition, the property features (8) massive unutilized 6 x 16 walk-in storage rooms that the current ownership has yet to monetize, allowing for the potential of an additional income stream. 1-Bedroom + 1-Bath Units: There is a total of 19 one-bedroom units, with an average rent of $2,026. Current market rents for similar one-bedroom units in the area are hovering around $2,500 providing a 23% rental upside. Several units have been renovated with laminate wood floors, granite countertops, and a stainless-steel appliance package. In addition to those upgrades, unit amenities also include air conditioning, microwave, dishwasher, range oven, and balconies or patios. 2-Bedroom + 2-Bath Units: There i We are proud to present The Enclave, located at 1226 North Fuller Avenue in the City of West Hollywood, California. This investment opportunity presents an ideal income property for an investor looking to acquire an attractively priced asset in a highly desirable sub-market of Los Angeles. The Enclave is a highly improved and well-kept apartment complex comprised of (19) 1-Bedroom + 1-Bath and (3) 2-Bedroom + 2-Bath well-appointed units, totaling 17,468 BSF. It was built in 1964 and is located on a 14,858 SF lot, zoned WDR3B*. Situated on a quiet and beautiful tree-lined street, The Enclave provides each of its tenants with an array of communal amenities, including secured intercom entry with 24-hour CCTV security cameras throughout, along with 22 assigned parking spaces, lush and mature landscaping, a sparkling swimming pool with outdoor lounge, and an on-site laundry facility. In addition, the property features (8) massive unutilized 6 x 16 walk-in storage rooms that the current ownership has yet to monetize, allowing for the potential of an additional income stream. 1-Bedroom + 1-Bath Units: There is a total of 19 one-bedroom units, with an average rent of $2,026. Current market rents for similar one-bedroom units in the area are hovering around $2,500 providing a 23% rental upside. Several units have been renovated with laminate wood floors, granite countertops, and a stainless-steel appliance package. In addition to those upgrades, unit amenities also include air conditioning, microwave, dishwasher, range oven, and balconies or patios. 2-Bedroom + 2-Bath Units: There is a total of (3) two-bedroom units, with an average rent of $2,430. Current market rents for similar 2-bedroom units in the area are averaging $2,995 for a 23% rental upside potential. Several units have been renovated with laminate wood floors, granite countertops, a stainless-steel appliance package, and renovated bathrooms. In addition to those upgrades, unit amenities also include air conditioning, microwave, dishwasher, range oven, and balconies or patios. Nestled between the glitz of Beverly Hills and the star-studded allure of Hollywood, West Hollywoodaffectionately known as WeHostands out as a bold, creative, and dynamic city. Its a place where sophistication meets edge, where the streets pulse with life.