1047 North Sierra Bonita Avenue, Unit 13

1047 North Sierra Bonita Avenue, Unit 13

West Hollywood, CA 90046

$6,495,000
Price
7
Beds
13
Baths
6,888 Sq. Ft.
$943 / Sq. Ft.
6,888
Sq. Ft.
$943
per Sq. Ft.
a bathroom with a sink and a mirror
a view of outdoor space and deck
an aerial view of multiple house
an aerial view of a city with lots of residential buildings
a living room with furniture a flat screen tv and a large window
a kitchen with a refrigerator and sink
a bathroom with a sink and a mirror
a bedroom with a bed a table and chair
a front view of a house with a yard and garage
an aerial view of a city with lots of residential buildings
a front view of a building with glass windows
a view of multiple parked cars
a kitchen with a sink and cabinets
a view of a stairs and an outdoor space
a view of a lobby with chair and outdoor seating
a view of a chairs and table in the balcony
a living room with furniture and a flat screen tv
a view of a dining room with furniture and wooden floor
a kitchen with a refrigerator and a sink
a bathroom with a sink and a toilet
a bedroom with a bed and wooden floor
a living room with furniture and a flat screen tv
a living room with furniture kitchen view and a large window
a living room with furniture a large window and a table
a bedroom with a bed and a painting on the wall
a bathroom with a sink toilet and shower
a front view of a house with a garden

Description

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...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.
  1. 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 Pool
No
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6888
Assessor Parcel Number
5530-018-026
Property Attached YN
true

Location

Listing Courtesy of Century 21 Hollywood, Alexander Yerekhman, DRE #01255937
Add your commute
LISTING UPDATED: 02/29/2024 04:59 AM

Property Details for 1047 North Sierra Bonita Avenue, Unit 13

StatusActive
MLS #SR24040462
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1955
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Hollywood, Alexander Yerekhman, DRE #01255937
Add your commute

Building Information for 1047 North Sierra Bonita Avenue, Unit 13

Building/Complex1047 N Sierra Bonita AveFloor-Stories2Residences-Pet Policy-Year Built1955Building Size-

Payment Calculator

$35,446 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,446

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1047 North Sierra Bonita Avenue, Unit 13

Income / Expense / Tax Details
Income Details
  • Gross Income: $343,002
  • Gross Scheduled Income: $488,640
  • Vacancy Allowance: 14659
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $473,981
  • Net Operating Income: $359,439
  • Gross Multiplier: 13.23
  • Cap Rate: 5.53
Expense Details
  • Operating Expense: $114,542
  • New Taxes Expense: $72,517
  • Gardener Expense: $2,400
  • Licenses Expense: $780
  • Pest Control Expense: $1,200
  • Electric Expense: $3,500
  • Insurance Expense: $5,166
  • Maintenance Expense: $6,500
  • Professional Management Expense: $18,959
  • Trash Expense: $1,300
  • Water Sewer Expense: $3,000
  • Total Expenses: $114,542
Tax / Assessment Info
  • Tax Tract Number: 18
  • Tax Census Tract: 7001.02
  • Tax Lot: 236
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Stackable, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: None, Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,250
  • Unit Type Total Rent: $3,250
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,750
  • Unit Type Total Rent: $3,750
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,995
  • Unit Type Total Rent: $3,995
  • Unit Type Pro Forma: 3995
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1

Property History for 1047 North Sierra Bonita Avenue, Unit 13

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Laurel Elementary School
Public - K to 8
Fairfax Senior High School
Public - 9 to 12
West Hollywood Opportunity School
Public - 7 to 12
Melrose Elementary School
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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More information about 1047 North Sierra Bonita Avenue, Unit 13, West Hollywood, CA 90046

1047 North Sierra Bonita Avenue, Unit 13 is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on February 27, 2024 by Century 21 Hollywood, it's currently listed at $6,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 1047 North Sierra Bonita Avenue, Unit 13 is a 7-bed, 13-bath, 6,888 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Hollywood, Alexander Yerekhman, DRE #01255937

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.