1770 El Cerrito Pl | Los Angeles, CA 90028
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1770 El Cerrito Pl
Los Angeles, CA 90028
1.2M Reduction! Value Add 16 Units+4 RTI ADUs · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- 16 Unit building with 9 vacancies in Prime Hollywood area priced at only 239k/door
- 6% Cap Rate and 12 GRM on existing after renovations with an incredible upside to a 8.4% Cap Rate and 9.1 GRM on proforma.
- Approved plans to add 4 Attached ADUs and parking soft-story already completed
- All vacant units are under renovations so buyer can complete the rest with own taste and finishes
- Pool, Laundry Room, and individually metered for Gas & Electricity
- Parking soft-story has already been completed as well as the roof has been updated
PROPERTY FACTS
| No. Units | 16 | Building Size | 10,166 SF |
| Property Type | Multifamily | Average Occupancy | 44% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | LAR4 - TOC TIER 3 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,166 SF |
| Average Occupancy | 44% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | LAR4 - TOC TIER 3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Pool
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $1,919 | 500 |
| Studios | 3 | $1,511 | 675 |
| 2+1 | 2 | $2,995 | 750 |
| 2+2 | 2 | $2,522 | - |
PROPERTY TAXES
| Parcel Number | 5548-002-027 | Improvements Assessment | $1,708,500 |
| Land Assessment | $3,060,000 | Total Assessment | $4,768,500 |
PROPERTY TAXES
Parcel Number
5548-002-027
Land Assessment
$3,060,000
Improvements Assessment
$1,708,500
Total Assessment
$4,768,500
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