Active
1047 N Sierra Bonita AVE Unit: 13
WEST HOLLYWOOD CA, 90046
$6,250,000
$907.38 per sqft
Active
7 Beds
6,888 sqft
Condo
Built in 1955
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.
SR24040462MR
MLSⓇ ID
February 27, 2024
Listed
May 3, 2024
Updated
Map
1047 N Sierra Bonita AVE Unit: 13
WEST HOLLYWOOD CA, 90046
Interior Features
Total Stories
2
Bedrooms
7
Laundry Description
Laundry Closet Stacked, Stackable W/D Hookup, Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Sewer
Not Available, Public Sewer
Other Property Details
Area Name
West Hollywood Vicinity
Days on Market
65
Garage
No
Parking Total
5
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
WDR3C*
Listing History
Date | Event | Price |
---|---|---|
5/1/2024 | Price Change | $6,250,000 -4% |
Listed by Alexander Yerekhman with Century 21 Hollywood
Listing Contact: 818-416-0309
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/3/2024