1047 North Sierra Bonita Avenue
1047 North Sierra Bonita Avenue
$6,495,000
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4
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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.
- 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 UPDATED: 02/29/2024 09:16 PM
Property Details for 1047 North Sierra Bonita Avenue
Status | Active |
---|---|
MLS # | SR24040462 |
Days on Market | 60 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 2-4 Units |
Year Built | - |
Lot Size | 0.15 AC / 6,486 SF |
County | Los Angeles County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1047 North Sierra Bonita Avenue
Property History for 1047 North Sierra Bonita Avenue
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.
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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