A 30-Year Family Estate, an All-Cash Close in Six Weeks
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The LAAA Team of Marcus & Millichap is proud to announce the successful closing of 6034 Fulton Avenue, a 12-unit multifamily property in the Valley Glen area of Van Nuys, which sold for $2,910,000, all cash.
The property came to us as part of a three-building Van Nuys portfolio we were entrusted to sell on behalf of a long-held family estate. The ownership had held this asset since the 1990s, and this was the first time in roughly 30 years it had ever been offered on the open market. For a seller in that position, the priorities are clear: a clean process, a credible price, and a buyer who will actually close.
Built in 1990, 6034 Fulton is a two-story, 9,614-square-foot building with a diverse unit mix of four 1-bedroom flats, four 1-bedroom-plus-loft units, and four 2-bedroom/2-bath flats. Because it was built after 1978, the property sits outside the City of Los Angeles Rent Stabilization Ordinance and is governed only by AB 1482, giving a new owner meaningful flexibility on rents. Its location half a mile from Los Angeles Valley College supports steady demand across a broad tenant pool.
We listed the portfolio at a combined ask, structured so the three buildings could trade together or individually, and priced 6034 Fulton at $3,150,000. Rather than lean on generic market data, we anchored the price to our own recent transactions in the immediate corridor, including our May 2025 sale of the 12-unit, non-RSO building at 6716 Sylmar Avenue for $3,500,000 and our earlier sale of the 30-unit property at 6228 Fulton Avenue. That firsthand pricing intelligence let us set expectations honestly with the seller and defend the number with buyers.
The transaction recorded on May 28, 2026, roughly six weeks from launch to close, all cash. For a property that had not changed hands in three decades, a quick, clean, all-cash exit is exactly the outcome a family estate hopes for.
If you own a similar Valley multifamily property and are weighing a sale, especially a long-held or estate asset, we would welcome the chance to talk through what the current market will bear and how to get to a clean close.
