1. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
2. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
3. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
4. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
5. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
6. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
7. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
8. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
9. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
10. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
11. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
12. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
13. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
14. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
15. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
16. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
17. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
18. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
19. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
20. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
21. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
22. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
23. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
24. Multi Family Townhouse for Sale at Hollywood Vista, Los Angeles, CA 90028
CALIFORNIA
Los AngelesHollywood Vista

1770 El Cerrito Pl, Hollywood Vista, Los Angeles, CA 90028

Hollywood Vista, Los Angeles, CA 90028
$4,795,000
17
beds
Multi Family Townhouse

AGENTS

Bachir Oueida
  • Licensed Real Estate Salesperson
  • DRE #: 00936311
O: 310.595.3888
M: 310.722.7727
V-Card
Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

Huge 1.2M Price Reduction! 16 Unit building with 9 vacancies in the Prime Hollywood area priced at only 299k/door in an Opportunity Zone. Fully Approved RTI plans to add 4 Attached ADUs to improve the numbers to only 239k/door. This property cash flows at an amazing 6% Cap Rate and 12 GRM on existing after renovations with an incredible upside to an 8.4% Cap Rate and 9.1 GRM on proforma. All 9 vacant units are under renovation so buyers can complete them to their own taste and finishes and get top market rents (Most of the rough construction and heavy lifting have been done). Great amenities such as Pool, Laundry Room, and carport garages. Individually metered for Gas & Electricity. Situated in the Heart of Hollywood, steps away from RunyonCanyon, Magic Castle, Yamashiro, and Hollywood Bowl! The soft story has already been completed and the roof has been recently updated. Potential to create and add a rooftop to maximize rents and amenities.
Show MoreShow Less

PROPERTY DETAILS

  • Interior
    10,166 Sq Ft.
  • Exterior
    .25 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1958
  • MLS/Listing ID
    23-253081
  • Days On Market
    193
Listing Courtesy of Global Platinum Properties, Inc., Julio Ruiz - 01911261 - 818-524-0706 and Armin Soleimani - 01846872 - 310-666-2246

Los Angeles

article slide

Featured neighborhood

Los Angeles

Downtown offers many new amenity-rich condo and rental buildings.
Read more about Los Angeles

NEARBY LISTINGS

1770 El Cerrito Pl Los Angeles, CA 900281  of  29
1770 El Cerrito Pl
Hollywood Vista, Los Angeles, CA 90028
$4,795,000
17beds
Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa - 02041641 - 310-922-6124
7135 Hollywood Blvd, 502 Los Angeles, CA 900461  of  36
7135 Hollywood Blvd, 502
Nichols Canyon, Los Angeles, CA 90046
$895,000
1bed2baths
Listing Courtesy of Compass, Rose Ferraro Fahey - 01910670 - 818-783-7721
7135 Hollywood Boulevard, 502 Los Angeles, CA 900461  of  36
7135 Hollywood Boulevard, 502
Nichols Canyon, Los Angeles, CA 90046
$895,000
1bed2baths
Listing Courtesy of Compass, Listing Agents Rose Ferraro Fahey - CA DRE Lic. #01910670 - 818-783-7721
7135 Hollywood Blvd, PHW Los Angeles, CA 900461  of  40
7135 Hollywood Blvd, PHW
Nichols Canyon, Los Angeles, CA 90046
$5,995,000
3beds4baths
Listing Courtesy of The Oppenheim Group, Inc., Jason Oppenheim - 01863254 - 310-990-6656 and Alice Kwan Becheru - 02025398 - 323-823-5982