Skip To Content

    1047 N Sierra Bonita Avenue

    West Hollywood, CA 90046
    • $4,999,999
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: SR21081566
    UPDATED: 8 min ago
    $4,999,999
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,435
      SQFT
    • $777
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Value Add 11 units! Once in a lifetime 100% Vacant 9 Units + 2 Approved ADUs in Prime West Hollywood priced at only 454k/door for vacant units. Value add opportunity with a huge upside to 5.7% Cap Rate and 13.1 GRM after renovations. Excellent location minutes from The Grove, Sunset Strip, and Beverly Hills. Potential to reconfigure the layouts to create additional beds and baths to have a more favorable unit mix and maximize rents. Approved plans to create 2 attached ADUs within the existing building footprint. Individually metered for Gas & Electricity.

    Monthly Payment Calculator



    Based on information from CRISNet MLS as of 2021-06-14T19:56:19.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2021-06-14T19:56:19.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/116243660
    Print Image

    1047 N Sierra Bonita Avenue West Hollywood, CA 90046

    • Price: $4,999,999
    • Status: Active
    • Updated: 8 min ago
    • ID#: SR21081566
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,435
    SQFT
    $777
    $/SQFT
    1955
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    Value Add 11 units! Once in a lifetime 100% Vacant 9 Units + 2 Approved ADUs in Prime West Hollywood priced at only 454k/door for vacant units. Value add opportunity with a huge upside to 5.7% Cap Rate and 13.1 GRM after renovations. Excellent location minutes from The Grove, Sunset Strip, and Beverly Hills. Potential to reconfigure the layouts to create additional beds and baths to have a more favorable unit mix and maximize rents. Approved plans to create 2 attached ADUs within the existing building footprint. Individually metered for Gas & Electricity.
    Exterior Features

    Levels Two Lot Features 2-5 Units/Acre Lot Size Area 6487.0000 Parking Total 0.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features Inside Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features CurbsGuttersSidewalksStreet Lights Electric Expense 1600.00 Fuel Expense 800.00 Gardener Expense 600.00 Gross Income 381000.00 Gross Multiplier 13.10 Gross Scheduled Income 381000.00 Insurance Expense 2896.00 Land Lease YN No Maintenance Expense 2200.00 Net Operating Income 291774.00 New Construction YN No New Taxes Expense 55200.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 77796.00 Pest Control Expense 400.00 Pool Features None Pool Private YN No Professional Management Expense 8300.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 77796.00 Trash Expense 1600.00 Water Sewer Expense 4200.00 Water Source Public Zoning Wdr3c*

    Listing provided courtesy of Alexander Yerekhman, CA DRE# 01255937, of Century 21 Hollywood.


    Based on information from CRISNet MLS as of 2021-06-14T19:56:19.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2021-06-14T19:56:19.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_365385938-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_365385938-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_365385938-1.jpg
    Logo
    TruLine Realty
    2999 Overland Ave., Suite 116
    Los Angeles CA, 90064