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    1724 El Cerrito Pl

    Los Angeles, CA 90028
    • $3,100,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 20-617264
    New On Site 5 Days Ago
    UPDATED: 51 min ago
    $3,100,000
    • 8
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,148
      SQFT
    • $602
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:
    Area:

    School Ratings & Info

    Description

    The pictures are of the actual apartments! The custom furniture and furnishing all come with the building. "StayTony, Hollywood" is a Branded Serviced Apartment Building (min. one-month rental) located in prime Hollywood. StayTony is an established and growing brand known for providing fashionable corporate and short term fully furnished housing to companies, people relocating or on temporary job assignments, and people who want to live flexibility on a month to month lease. This is not an "Airbnb" and has always had a 30 night minimum. With 10 years of operating experience and 8 years of financials, you're not just purchasing a building, you're purchasing a lifestyle brand that guests crave! The current cap rate of 5.8% and GRM of 9.62 makes this a genuine opportunity! The purchase comes with an existing StayTony management agreement in place. There are 8 parking spaces. 6 of the 8 units will be delivered vacant and there are several options to achieve cash flow and build equity. Cont

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T20:42:48.647. 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.lydiagable.com/homes/110030367
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    1724 El Cerrito Pl Los Angeles, CA 90028

    • Price: $3,100,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: 20-617264
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,148
    SQFT
    $602
    $/SQFT
    1939
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    The pictures are of the actual apartments! The custom furniture and furnishing all come with the building. "StayTony, Hollywood" is a Branded Serviced Apartment Building (min. one-month rental) located in prime Hollywood. StayTony is an established and growing brand known for providing fashionable corporate and short term fully furnished housing to companies, people relocating or on temporary job assignments, and people who want to live flexibility on a month to month lease. This is not an "Airbnb" and has always had a 30 night minimum. With 10 years of operating experience and 8 years of financials, you're not just purchasing a building, you're purchasing a lifestyle brand that guests crave! The current cap rate of 5.8% and GRM of 9.62 makes this a genuine opportunity! The purchase comes with an existing StayTony management agreement in place. There are 8 parking spaces. 6 of the 8 units will be delivered vacant and there are several options to achieve cash flow and build equity. Cont
    Exterior Features

    Entry Location Ground Level W/Steps Exterior Construction ConcreteStucco Lot Description CurbsFront YardLawnStreet LightingSidewalks Lot Location City Lot Size Area 7462 Other Structures None Parking Garage Parking For GuestsParking SpaceOn StreetPrivateUncoveredTandem Paved YN Yes Pool Description None Pool YN No Roof Shingle Spa None Spa YN No Sprinklers Sprinkler System Tennis Court None Tennis YN No Total Parking 8 View Description Walk Street View YN Yes

    Interior Features

    Bathroom Features TileShower Over Tub Baths Total 8.00 Bedroom Features Main Floor BedroomWalkincloset Cooking Appliances Cooktop - GasOven Cooling Wall Unit(S) Den No Dining Room No Equipment RefrigeratorRange/OvenFreezer Family Room No Flooring TileHardwood Foundation Details Slab Heating Wall Interior Features Crown MoldingsBuilt-InsFurnishedWainscottingRecessed Lighting Kitchen Features Marble CountersTile CountersCounter Top Laundry None Rooms Walk-In ClosetLiving RoomDining Area Windows Bay Window

    Property Features

    Alley YN Yes Assessed Total Value 1244943 Gross Income 315744 Gross Operating Income 306079 Like Units1 4 Like Units2 4 Net Operating Income 181257.00 Number Of Buildings 1 Number Of Units 8 Owner Pays WaterGardener Property Condition Updated/RemodeledRepair Cosmetic Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 124821 Type Of Units Apartments Water Public Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of David Weinberger DRE#01349349 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T20:42:48.647. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377