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$6,250,000
7 bed
6 bath
0 Sqft
6,487 Sqft lot

1047 N Sierra Bonita Avenue 13, West Hollywood, California 90046

  • Residential Income Property Type
  • 77 Days Time on market
  • 1955 Year Built
Property 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 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.

Basic Details
Residential Income
Buy
SR24040462
$6,250,000
7
6
0 Sqft
1955
6,487 Sqft
Active
Apartment
Houses
Features
: Sidewalks, Curbs, Gutters, Street Lights
5
$0
: Public Sewer, None
Address
CA
Los Angeles
West Hollywood
90046
1047 N Sierra Bonita Avenue 13
1047
Avenue
0
W119° 38' 43.4''
N34° 5' 24.3''
N
Additional Information
77
1
2
2
: Two
: Washer Hookup, Stacked
0
6,888 Sqft
1
0 Sqft
0 Sqft
0.15 Sqft
6,487 Sqft
1
: 2+ Common Walls
0 Sqft
WDR3C*
5530018026
$0
$0
$0
$6,500
$18,959
$3,500
0 Sqft
1
0 Sqft
$0
1
27/02/2024 23:48:05
$6,495,000
: Standard
CashtoExistingLoan,CashtoNewLoan
South of Santa Monica Blvd
Destrahan
Harry Hurst
Century 21 Hollywood
Alexander Yerekhman
F0237001
F210008124
$0
5.75
349
1
: Item1115unitsacre
1
: Sewer Not Available
1
: Square Feet
: Community Apartment
yes
1
13
13
1
13
236
13
Click Here
343002
US-06037-N-5530018026-R-N
Apartment
02/05/2024 21:51:39
Sierra Bonita
C10 - West Hollywood Vicinity
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