For SaleRisky Deal1 days on market

6250 Fulton Ave APT 105

6250 Fulton Ave APT 105, Van Nuys, CA 91401, Van Nuys, CA 91401
$415,000
Estimate®:$414,500

Listing Price

Property image 1
6250 Fulton Ave APT 105, Van Nuys, CA 91401
Loc: Van Nuys, CA
Days Listed
1
Tax Assessed
$363k
Estimate®
$415k
Market Rate
Lot Size
0.29 acres
Rent Estimate
$2,696/mo
Est. Cash Flow base
Type
condo

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

9

Erwin Elementary School

K-5
0.2 mi away
6

Louis D. Armstrong Middle School

6-8
1.5 mi away
5

Ulysses S. Grant Senior High School

9-12
0.6 mi away

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

multi-familyapartment buildingbrick facadestuccobalconiesunderground parkinggated garagetudor-inspiredherringbone brickworkmature treestreet-level entranceurban residentialmid-century style

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.74%
Total ROI
62.0%
Cash Flow
$-513/mo
DSCR
0.76
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-513/mo net cash flow with a 4.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Prime residential location in Van Nuys, CA
  • Long-term capital appreciation corridor
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-16Listed for sale$415,000$525
2021-01-14Listing removed$0
2020-10-16Listed for rent$2,050$3
2016-05-18Sold$255,000$323
2015-09-19Sold$301,000$381
2015-08-08Pending sale$309,000$391
2015-07-23Listed for sale$309,000$391

Tax History

YearProperty TaxTax Assessment
2026$0$363,440
2025$4,384.72$356,315
2024$4,331.53$349,330
2023$4,247.42$342,481
2022$3,964.57$335,767
2021$3,912.19$329,185
2020$3,949.01$325,810
2019$3,949.01$319,422
2018$3,773.36$313,160
2017$3,773.36$307,020
2016$3,686.51$301,000
2015$3,598.99$289,296
2014$3,125.35$255,000
2012$0$206,000
2011$0$206,000
2010$0$206,000
2009$0$270,000
2008$0$197,574
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
790
Address-Level Value-Add Underwriting

ARV, Rehab & Maximum Allowable Offer (MAO)

Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.

Modeled value-add projection (+18% baseline) for 2b/2ba in Van Nuys
+18% vs. list
$
$35,550
75% Rule
Maximum Allowable Offer (MAO)
$331,725

Calculated as (75% × $489,700) − $35,550

Asking Price is $83,275 (20.1%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $331,725 based on $35,550 in required updates.
Current Asking Price:$415,000
Estimated ARV:$489,700
Estimated Renovation:$35,550
All-In Capital Basis (MAO + Rehab):$367,275
Projected Equity Margin:+$122,425
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Provenance:[Observed] List Price: $415,000[Observed] Rent: $2,696/mo[Estimated] Tax Rate: 0.75% (CA)[Estimated] Hazard Ins: $208/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.74%

NOI: $19,689/yr

Cash-on-Cash Yield
-6.4%

On $95,450 invested

DSCR Ratio
0.76x

Negative debt coverage

5-Yr Leveraged ROI
+62.0%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
[Estimated]Property Taxes (0.75% of basis)-$227/mo
[Estimated]Homeowner / Hazard Insurance-$208/mo
[Defaulted]Vacancy Reserve (5% of rent)-$135/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$270/mo
[Defaulted]Property Management (8% of rent)-$216/mo
Total Pure Operating Expenses-$1,055/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,696/mo
Less: Operating Expenses-$1,055/mo
Net Operating Income (NOI)+$1,641/mo
Less: Debt Service (30yr @ 6.75%)-$2,153/mo
Net Cash Flow
$-513/mo
$-6,151/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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