1770 El Cerrito Place | Los Angeles | State of California | Prices, Plans, Availability

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1770 El Cerrito Place

USD 4,995,000

Property ID: 23291283

1770 El Cerrito Place ,90028

11040 SqFt

Built in 1958

USD 452/SqFt

17 Beds

0 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

10166

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1958

Detailed Introduction Of This Home

Located in Prime Hollywood steps from Magic Castle, Hollywood Walk of Fame, Runyon Canyon and many Bars and Restaurants, this 16 Unit Property priced at only $312,188/Unit is ready for an investor to come in complete their renovation of all currently 9 Vacant Units to there liking and achieve immediate upside of 5.7% Cap Rate & 8% Cap on Proforma. In addition to 9 Units being Vacant, Seller has RTI Approved Plans for 4 Additional Units (20 total Units & $249,750/ Unit) . Truly a one of a kind location, and a property ready for an astute investor to realize its potential.

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