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    6508 Cerritos Pl

    Los Angeles, CA 90068
    • $3,300,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 21-677982
    UPDATED: 60 min ago
    $3,300,000
    • 16
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,620
      SQFT
    • $498
      $/SQFT
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    Opportunity - 6508 Cerritos Place offers investors the ability to own a multi-family asset in prime Hollywood with the potential to update and renovate three vacant units and work on the loss-to-lease in the occupied units. | Great Unit-Mix - All units consist of 2 Bed / 1 Bath. Four of the eight units on the ground floor have their own private patio and separate entrance on the rear of property. This allows for a wide tenant base including roommates, small families, or single occupants with dedicated office space which has become very popular during the pandemic. | Rental Upside - Five of the eight units offer upside of approximately 20% once turned and rehabbed. Furthermore, the area supports historical strong rent growth which will further increase the total income over the long-term. | On-Site Amenities - On-site amenities include communal laundry room, open and secured parking for 5 cars, gated secured entrance to each unit, and each units is equipped with central air and heat.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T18:42:48.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/113170834
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    6508 Cerritos Pl Los Angeles, CA 90068

    • Price: $3,300,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 21-677982
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,620
    SQFT
    $498
    $/SQFT
    1926
    Built
    Neighborhood:
    Sunset Strip - Hollywood Hills West
    County:
    Los Angeles
    Area:
    Sunset Strip - Hollywood Hills West
    Property Description
    Opportunity - 6508 Cerritos Place offers investors the ability to own a multi-family asset in prime Hollywood with the potential to update and renovate three vacant units and work on the loss-to-lease in the occupied units. | Great Unit-Mix - All units consist of 2 Bed / 1 Bath. Four of the eight units on the ground floor have their own private patio and separate entrance on the rear of property. This allows for a wide tenant base including roommates, small families, or single occupants with dedicated office space which has become very popular during the pandemic. | Rental Upside - Five of the eight units offer upside of approximately 20% once turned and rehabbed. Furthermore, the area supports historical strong rent growth which will further increase the total income over the long-term. | On-Site Amenities - On-site amenities include communal laundry room, open and secured parking for 5 cars, gated secured entrance to each unit, and each units is equipped with central air and heat.
    Exterior Features

    Lot Size Area 7859 Other Structures None Parking Garage Gated Total Parking 5

    Interior Features

    Baths Total 8.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 1988265 Gross Income 215845 Gross Operating Income 215845 Like Units1 8 Net Operating Income 138374.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 38610 Type Of Units 2 Bed/1 Bath Year Built Source Owner Zoning Lard1.5

    Listing provided courtesy of William James DRE#01734419 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T18:42:48.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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