Active

1047 N Sierra Bonita Avenue

West Hollywood CA, 90046

$6,000,000


$871.08 per sqft

Active

6,888 sqft

Condo

Built in 1955

Listed by Alexander Yerekhman with Century 21 Hollywood 818-416-0309

Huge 500k Price Reduction! The property is currently 100% Master Leased for the next 5 years providing a guaranteed cash flow (1 monthly check of $31,750 with 2.5% annual increases) with 0% vacancy plus all expenses paid by the tenant including management fees, utilities, interior repairs, cleaning, pest control, etc (Similar to a hassle-free NNN deal with stable income and landlord only responsible for paying property taxes and insurance). Once in a lifetime, 13 units in Prime West Hollywood that was 100% Vacated & Renovated cash flowing at an incredible 5% Cap Rate from day 1 with no management responsibilities. Priced at only 461k/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. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.

SR24104350

MLS ID

May 22, 2024

Listed

August 30, 2024

Updated

Map

1047 N Sierra Bonita Avenue
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

30


Garage

No


Parking Total

0


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

WDR3C*

Listing History

Date

Event

Price

6/18/2024

Price change

$6,000,000

-4%

Listing Contact: 818-342-3425 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/30/2024 at 8:14 PM UTC

 

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