1770 El Cerrito Place

Los Angeles, CA 90028

$4,100,000
Price
11
Beds
18
Baths
10,166 Sq. Ft.
$403 / Sq. Ft.
10,166
Sq. Ft.
$403
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...

Property Details for 1770 El Cerrito Place

View
Neighborhood, Pool
Parking Spaces Total
15
Private Pool
No

Location

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

Property Details for 1770 El Cerrito Place

StatusActive
MLS #AR21037337
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.25 AC / 11,038 SF
CountyLos Angeles County

Contact a Compass agent

Location

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

Building Information for 1770 El Cerrito Place

Stories2Residences-Year Built1958Building Size-Lot Size0.25 AC / 11,038 SF

Payment Calculator

$13,740 per month

30 year fixed, 2.95% Interest

Principal and Interest

$13,740

Property Taxes

HOA Dues

$0

Property Information for 1770 El Cerrito Place

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Laundry: Yes
  • Laundry Features: Community
  • Levels: Two
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 16.0
    Exterior Features
  • Pool Features: Community
    Parking Info
  • Carport Spaces: 13
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned, Gated, Subterranean
  • Uncovered Spaces: 2
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 5548002027
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1958
  • Year Built Source: Public Records
    Measurements / Dimensions
  • Building Area Total: 10166
  • Building Area Units: Square Feet
  • Living Area: 10166
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90028
  • Street Number Numeric: 1770.0
  • Street Name: El Cerrito
  • Street Suffix: Place
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: Between Franklin Ave and Hollywood Blvd
  • Area: Hollywood (C20)
    Association Information
  • Community Features: Urban
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 1901.00
  • Tax Lot: 26
  • Tax Tract Number: 0
  • Zoning: LAR4
    Income Details
  • Gross Income: $176,038
  • Gross Scheduled Income: $270,238
  • Net Operating Income: $205,538
    Expense Details
  • Insurance Expense: $0
  • New Taxes Expense: $0
  • Operating Expense: $64,700
  • Professional Management Expense: $0
  • Total Expenses: $64,700
  • Trash Expense: $0
  • Water Sewer Expense: $0
Unit Information
    Unit 1
  • Unit Type Actual Rent: $1,350
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1350
  • Unit Type Units Total: 7
  • Unit Type Total Rent: $9,450
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,900
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1900
  • Unit Type Units Total: 7
  • Unit Type Total Rent: $13,300
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $2,700
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2700
  • Unit Type Units Total: 2
  • Unit Type Total Rent: $5,400
  • Unit Type Type: 3
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 0
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: Yes
  • Tenant Pays: Electricity, Gas
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Acres: .25
  • Lot Size Square Feet: 11040
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 1770 El Cerrito Place

DateEvent & SourcePriceAppreciation
May 10, 2021

Listed (Active)

SDMLS #AR21037337

Apr 27, 2021

Accepting Backup Offers

SDMLS #AR21037337

Mar 29, 2021

Price Change

SDMLS #AR21037337

$4,100,000
DateEvent & SourcePrice
05/10/2021

Listed (Active)

SDMLS #AR21037337

04/27/2021

Accepting Backup Offers

SDMLS #AR21037337

03/29/2021

Price Change

SDMLS #AR21037337

$4,100,000

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$364,910Additions$851,483Total$1,216,393
Tax Record2020$16,616 ($1,385 / month)
Home Facts
Total Finished SqFt10,166 SqFtAbove Grade Finished SqFt10,166 SqFtLot Size11,040 SqFtStyleMulti-Family Res (5+ Units)Year Built1958Year Renovated1958ZoningLAR4CountyLOS ANGELESAPN5548002027

Schools near 1770 El Cerrito Place


SchoolTypeGradesDistanceRating
Aviva High SchoolPrivate7-120.1 mi
NR
Temple Israel Of Hollywood Day SchoolPrivateK-60.3 mi
NR
Oaks, ThePrivateK-60.3 mi
NR
Hollywood Senior High SchoolPublic9-120.4 mi
6

Aviva High School

7-12, 0.1 mi, Private

NR

Temple Israel Of Hollywood Day School

K-6, 0.3 mi, Private

NR

Oaks, The

K-6, 0.3 mi, Private

NR

Hollywood Senior High School

9-12, 0.4 mi, Public

6

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.

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1770 El Cerrito Place is a multi-family home for sale in Los Angeles, CA 90028. This property was listed for sale on February 25, 2021 by ALTC Realty at $4,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Aviva High School, Temple Israel Of Hollywood Day School and Oaks, The. 1770 El Cerrito Place is a 11-bed, 18-bath, 10,166 sqft multi-family home built in 1958. This address can also be written as 1770 El Cerrito Pl.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

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 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 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.