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1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
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1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
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1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028
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1770 El Cerrito Place, Los Angeles, CA, 90028
1770 El Cerrito Place, Los Angeles, CA, 90028

Information

Price: $4,795,000
Days On Market: 70
Year Build: 1958
Square Footage: 10,166 Sq ft
Bedrooms: 17

Details

Address: 1770 El Cerrito Place
County: Los Angeles
City: Los Angeles
Zip: 90028
State: California

Description

HUGE $200K Price Reduction! 16-unit building with 9 vacancies in the Prime Hollywood area priced at only $299,687/door in an opportunity zone. Fully Approved RTI plans to add 4 Attached ADU's to improve the numbers to $239,000/door. This property cash flows at an amazing 6% Cap Rate and 12 GRM on existing post renovations with an incredible upside to 8.4% Cap Rate and 9.1 GRM on proforma. All 9 vacant units are under renovation so buyers can complete them to their own taste and finishes and achieve market rents. (Most/All of the rough construction has been done). Great Amenities including Pool, Laundry Rooms, Carport Garages & individual meters for Gas & Electricity. Situated in the Heart of Hollywood, steps away from Runyan Canyon, Magic Castle, Yamashiro, and Hollywood Bowl! All soft story retrofitting has been completed, roof has been updated & their is potential to create and add a rooftop lounge area to maximize rents.

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 25th September, 2023 6:55 PM (UTC)
Listing Agent: Jacob Plewa
Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY
Attribution contact: 310-802-2500

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