1047 N Sierra Bonita Avenue 13

Active

1047 N Sierra Bonita Avenue 13

West Hollywood CA, 90046

$6,495,000

$942.94 per sqft

Active

6,888 sqft

Condo

Built in 1955

Listed by Alexander Yerekhman with Century 21 Hollywood 818-342-3425

Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.5% Cap Rate and 13.2 GRM. Priced at only 499k/door for units that have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. On top of that, all the major systems have been updated including roof, electrical, plumbing, windows, HVAC, soft-story, etc. The unit mix provides unparalleled versatility with 5 (2bed/1bath) units, 6 (1bed/1bath) units, and 2 (studio/1bath) units. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Potential for short-term vacation rental (Airbnb & Vrbo) or longer-term furnished rentals to maximize income even further. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.

SR24040462

MLSⓇ ID

February 27, 2024

Listed

March 28, 2024

Updated

Map

1047 N Sierra Bonita Avenue 13
West Hollywood CA, 90046

Interior Features

Total Stories: 2
Laundry Description: Washer Hookup, Stacked
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.15 Acres
Lot Features: 11-15 Units/Acre
Sewer: Public Sewer, None

Other Property Details

Area Name: C10 - West Hollywood Vicinity
Days on Market: 2
Garage: No
Parking Total: 5
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: WDR3C*
Buyer Agency Compensation: 2.5%

Listing Contact: 818-342-3425

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/28/2024 at 3:36 PM UTC