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New to Market: Hollywood's The Dorothy

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If you have an interest in being a landlord, check out what's available: The rather dapper-looking Dorothy, an 8-unit residential building at 1724 N El Cerrito Place that's asking $1.595 million. According to the listing, there's a net income of $83,729 on the place; more via the listing: "Take a look at the photos - they say a thousand words. Charming Hollywood Regency Style, Pride of Ownership apartment building built in 1939, in an excellent Hollywood location, around the block from the famous Mann' s Chinese Theater, the Kodak Theatre, Roosevelt Hotel and the Hollywood & Highland Center and retail area. A stunning asset with elegant construction and beautiful street appeal. Recent renovations have brought out the property' s rich detail and very unique character. There is simply no property like this one, on the street or in the area. Parking for each unit and separately metered. Additional income possible by modernizing the unit interiors and installing laundry machines, as well as potential storage income." What's uncertain: What the interiors look like.
· The Dorothy [Loopnet]