Active
1047 N Sierra Bonita AVE Unit: 13
WEST HOLLYWOOD CA, 90046
$5,495,000
$800.20 per sqft
Active
6 Beds
5 Baths
6,867 sqft
Multi-family
Built in 1955
Huge 500k Price Reduction! Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 449k/door. Incredible Current Cap Rate of 6% and 12.5 GRM after taking into account the remaining construction cost. All units are under construction so buyers can complete them to their own taste and get top market rents. All of the rough construction and heavy lifting have been done except for finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Potential for short-term vacation rental (Airbnb & Vrbo) to maximize income even further. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the estimated remaining construction cost at 27k/unit (351k).
SR23202288MR
MLSⓇ ID
October 30, 2023
Listed
November 1, 2023
Updated
Map
1047 N Sierra Bonita AVE Unit: 13
WEST HOLLYWOOD CA, 90046
Interior Features
Total Stories
2
Bedrooms
6 Beds
Bathrooms
5 Baths
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 acres
Sewer
Not Available
Other Property Details
Garage
No
Parking
No
View
No
County
Los Angeles
Water Source
None
Pool
No
Pool Features
None
Zoning
WDR3C*
Courtesy of Alexander Yerekhman with Century 21 Hollywood
Listing Contact: [email protected]
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2023 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/1/2023
