1047 North Sierra Bonita Avenue

West Hollywood, CA 90046

$6,495,000
Price
4
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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

Property Details for 1047 North Sierra Bonita Avenue

City Postal ID
LOS ANGELES (90046)

Location

Listing Courtesy of Century 21 Hollywood, Alexander Yerekhman, DRE #01255937
Add your commute
LISTING UPDATED: 02/29/2024 09:16 PM

Property Details for 1047 North Sierra Bonita Avenue

StatusActive
MLS #SR24040462
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.15 AC / 6,486 SF
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

Stories2Residences-Year Built-Building Size-Lot Size0.15 AC / 6,486 SF

Payment Calculator

$38,095 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,446

Property Taxes

$2,649

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1047 North Sierra Bonita Avenue

Summary Information
Property and Location
  • System ID: 306113022
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Street Number Numeric: 1047
  • Street Direction: N
  • Street Name: Sierra Bonita Avenue
  • Directions To Property: South of Santa Monica Blvd
HOA and Fees
  • Monthly Total Fees: $227
  • CFD/Mello-Roos Fee: $2,732
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: 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.
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Site: Curbs, Sidewalks
  • Zoning: Assessor
  • Assessors Parcel Num: 5530018026
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 0
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Rent Actual: $1,995
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Rent Actual: $2,995
Unit 3
  • Unit Num for Unit 3: 3
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Rent Actual: $3,250
Unit 4
  • Unit Num for Unit 4: 4
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Rent Actual: $3,750

Property History for 1047 North Sierra Bonita Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1047 North Sierra Bonita Avenue

Taxable ValueLand$1,872,720Additions$573,620Total$2,446,340
Tax Record2023$31,786 ($2,649 / month)
Home Facts
Total Finished SqFt6,435 SqFtAbove Grade Finished SqFt6,435 SqFtLot Size6,487 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningWDR3C*CountyLOS ANGELESAPN5530-018-026

Schools near 1047 North Sierra Bonita Avenue

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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1047 North Sierra Bonita Avenue 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. It has been on the market for a total of 60 days and was last sold on November 10, 2020. 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 is a 4-bed, 4-bath, multi-family home.

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.