1724 El Cerrito Pl

Estimated Monthly Payment: $14,137/mo 1724 El Cerrito Pl, Los Angeles, CA 90028 MLS# 20-617264 Residential Income Listing Status: Active
8
5,148 sqft
14
1
0
0

REMARKS:

Located in an Opportunity Zone! 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 along with options to achieve cash flow.

OVERVIEW:

Residential Income
Active
1939
0.17
5148
Curbs, Front Yard, Lawn, Street Lighting, Sidewalks
Concrete, Stucco
Shingle
Slab
None
Parking for Guests, Parking Space, On street, Private, Uncovered, Tandem
Wall
Wall Unit(s)
Public
In Street

FEATURES:

Crown Moldings, Built-Ins, Furnished, Wainscotting, Recessed Lighting
Refrigerator, Range/Oven, Freezer
None
Marble Counters, Tile Counters, Counter Top
Walk Street

ROOM INFO:

8
Main Floor Bedroom, WalkInCloset
Tile, Shower Over Tub
Walk-In Closet, Living Room, Dining Area
Bay Window
Tile, Hardwood

FINANCIAL:

$3,100,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of David Weinberger - Keller Williams Studio City

 

 

 

The data relating to real estate for sale on this web site comes in part from the Combined L.A./Westside MLS. Real estate listings held by brokerage firms other than Forward Studio City, Keller Williams Realty are marked with the IDX logo.

 

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Combined L.A./Westside MLS. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

 

Lifestyle, neighborhood, and school data ("Supplemental Data") is provided by the operator of this website as a convenience to users. This Supplemental Data is not provided or reviewed by Combined L.A./Westside MLS. The operator of this website updates the Supplemental Data from time to time, but it does not represent, warrant or otherwise promise that the Supplemental Data is current, free from defects, or error-free. All Supplemental Data is provided AS IS with all faults. Users are encouraged to consult their own data sources to confirm the accuracy of all Supplemental Data before using the Supplemental Data as a basis for any decision. Complete list of data sources.

 

Data last updated: 09/29/2020