1047 North Sierra Bonita Avenue, Unit 13
1047 North Sierra Bonita Avenue, Unit 13
$6,250,000
7
13
6,888
6,888
$907
Description
Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/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...Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/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), longer-term furnished rentals, and government master leases to maximize income even further. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.
- Listed by Alexander Yerekhman • DRE #01255937 • Brokerage DRE #01835767 • Century 21 Hollywood • 818-416-0309
Property Details for 1047 North Sierra Bonita Avenue, Unit 13
Parking Spaces Total
5
Private PoolNo
Total Units13.0
Building TypeAttached
Lot Size SourceAssessor
Living Area6888
Assessor Parcel Number5530-018-026
Property Attached YNtrue
Location
LISTING UPDATED: 05/02/2024 07:47 AM
Property Details for 1047 North Sierra Bonita Avenue, Unit 13
Status | Active |
---|---|
MLS # | SR24040462 |
Days on Market | 82 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1955 |
County | Los Angeles County |
Location
Building Information for 1047 North Sierra Bonita Avenue, Unit 13
Building/Complex1047 N Sierra Bonita AveFloor-Stories2Residences-Pet Policy-Year Built1955Building Size-
Payment Calculator
$34,109 per month
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Property Information for 1047 North Sierra Bonita Avenue, Unit 13
Property History for 1047 North Sierra Bonita Avenue, Unit 13
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1047 North Sierra Bonita Avenue, Unit 13
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Laurel Elementary School PublicK to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
West Hollywood Opportunity School Public7 to 12 | ||
Melrose Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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