Listing provided courtesy of William James of James Capital Advisors, Inc.. Last updated 2021-01-12 09:10:47.000000. Listing information © 2020 CLAW.
Asking Price: $3,300,000
6508 Cerritos, Los Angeles CA 90068
Community: C03 - Sunset Strip - Hollywood Hills West
This property was built in 1926 and is priced at $3,300,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 21677982
- Year Built: 1926
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.