5657 Fulton Avenue
About This Property
Located in the heart of Valley Glen, this versatile property offers an incredible opportunity for both homeowners and investors. The main residence spans approximately 1,638 sq ft and features 3 spacious bedrooms, 2 full bathrooms, a generous primary suite, and a large separate laundry room.
In addition, the property includes a permitted detached ADU (address: 5659 Fulton Ave) offering 335 sq ft of living space with a full bathroom and kitchenette-perfect for rental income, extended family, or a private office. The ADU enjoys its own alley access for added privacy and convenience.
A permitted storage structure of approximately 200 sq ft-complete with electrical and plumbing-offers exciting potential for conversion into a Junior ADU or other functional space (buyer and buyer's agent to verify possibilities).
Key upgrades include a 2023 roof with a 10-year warranty and paid-off solar panels for the main house, offering long-term energy savings.
Additional features:
Large carport area in rear
Separate access for ADU via alley
Just steps from Los Angeles Valley College
Ideal for owner-occupants or investors seeking strong rental potential
Contact Haik Karapetian with any questions or to set up a private showing.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Listed by Keller Williams R. E. Services | $1,049,000 | |
| Listed by Keller Williams R. E. Services | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017