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1770 El Cerrito Pl
Los Angeles, CA 90028
1.2M Reduction! 16 Units 9 vacancies 6% Cap · Multifamily Property For Sale
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16 Units
Investment Highlights
- 16 Unit building with 9 vacancies in Prime Hollywood area priced at only 299k/door
- 6% Cap Rate and 12 GRM on existing after renovations with an incredible upside to an 8.4% Cap Rate and 9.1 GRM on proforma.
- Easy to Rent Unit Mix consisting of 2 (2bed/2bath), 2 (2bed/1bath), 9 (1bed/1bath), 3 (studio/1bath)
- 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
- Fully Approved RTI plans to add 4 Attached ADUs (under construction) to improve the numbers to only 239k/door
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 |
|---|---|---|---|
| Studios | 4 | - | 500 |
| 1+1 | 8 | - | 675 |
| 2+2 | 2 | - | - |
| 2+1 | 2 | - | - |
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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