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.
Off market
$2,018,300
6508 Cerritos Pl, Los Angeles, CA 90068
16beds
8baths
6,620sqft
MultiFamily
Built in 1926
-- sqft lot
$2,018,300 Zestimate®
$305/sqft
$3,162 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Forced air, Gas
Cooling
- Other
Appliances
- Included: Dishwasher
Features
- Flooring: Tile, Other, Hardwood
Interior area
- Total interior livable area: 6,620 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage - Detached
Features
- Has view: Yes
- View description: City
Lot
- Size: 7,858 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1926
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- ListingStatus: Active
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- Equipment: Other
- Cooling: Other
- ParkingGarage: Gated
- SourceLotSizeArea: Vendor Enhanced
- Heating: Other
- ListingArea: Sunset Strip - Hollywood Hills West
- Country: US
- UnitTypeType: 2106
Services availability
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Estimated market value
$2,018,300