1770 El Cerrito Place

Los Angeles, CA 90028

$3,600,000
Last Sold Price
3
Beds
18
Baths
10,166 Sq. Ft.
$354 / Sq. Ft.
10,166
Sq. Ft.
$354
per Sq. Ft.

Description

A prime multi-family value add opportunity in the heart of Hollywood. Located steps away from desirable Hollywood attraction, this 16 units property boast a walk score of 96. The property features an ideal unit mix comprised of 7 studios, 7 one bedroom, and 2 two bedroom apartments. This property is the perfect property for repositioning in a proven high demand neighborhood with substantial upside in rents. Softstory Retrofit and new roofing have been completed in 2019. Property will deliver 4 vacancies...A prime multi-family value add opportunity in the heart of Hollywood. Located steps away from desirable Hollywood attraction, this 16 units property boast a walk score of 96. The property features an ideal unit mix comprised of 7 studios, 7 one bedroom, and 2 two bedroom apartments. This property is the perfect property for repositioning in a proven high demand neighborhood with substantial upside in rents. Softstory Retrofit and new roofing have been completed in 2019. Property will deliver 4 vacancies for a quick turnaround. 1770 El Cerrito Pl is also located in the Opportunity Zone.
  1. Listed by David Liu • DRE #01926204 • Brokerage DRE #01928528 • ALTC Realty

Property Details for 1770 El Cerrito Place

View
Neighborhood, Pool
Parking Spaces Total
15
Private Pool
No
Total Units
16.0
Building Type
Attached
Living Area
10166
Assessor Parcel Number
5548-002-027
Property Attached YN
true

Location

Listing Courtesy of ALTC Realty, David Liu, DRE #01926204

Sold By ALTC Realty, Alan Lu, DRE #01514595

Add your commute
LISTING UPDATED: 06/07/2021 02:54 AM

Property Details for 1770 El Cerrito Place

StatusClosed
MLS #AR21037337
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.25 AC / 11,040 SF
CountyLos Angeles County

Location

Listing Courtesy of ALTC Realty, David Liu, DRE #01926204

Sold By ALTC Realty, Alan Lu, DRE #01514595

Add your commute

Building Information for 1770 El Cerrito Place

Stories2Residences-Year Built1958Building Size-Lot Size0.25 AC / 11,040 SF

Payment Calculator

$23,571 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$3,924

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1770 El Cerrito Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $176,038
  • Gross Scheduled Income: $270,238
  • Net Operating Income: $205,538
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $64,700
  • New Taxes Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $64,700
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 1901.00
  • Tax Lot: 26
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Gated, Subterranean
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 13
  • Parking Features: Assigned, Gated, Subterranean
Unit Information
Unit 1
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $9,450
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $13,300
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $5,400
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 0

Property History for 1770 El Cerrito Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1770 El Cerrito Place

Taxable ValueLand$3,370,896Additions$379,404Total$3,750,300
Tax Record2023$47,085 ($3,924 / month)
Home Facts
Total Finished SqFt10,166 SqFtAbove Grade Finished SqFt10,166 SqFtLot Size11,040 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR4CountyLOS ANGELESAPN5548-002-027

Schools near 1770 El Cerrito Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ALTC Realty, David Liu, DRE #01926204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.