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

  • $6,250,000
  • $907
1047 N Sierra Bonita Avenue 13, West Hollywood, CA 90046
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1955
  • Year Built
For Sale
1047 N Sierra Bonita Avenue 13, West Hollywood, CA 90046
  • $6,250,000
  • $907

Overview

Property ID: SGR-32625282
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1955
  • Year Built

Description

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.

  • Address 1047 N Sierra Bonita Avenue
  • City West Hollywood
  • State/county CA
  • Zip/Postal Code 90046
  • Area C10 - West Hollywood Vicinity
  • Country United States

Details

Updated on May 26, 2024 at 10:21 am
  • Property ID: SGR-32625282
  • Price: $6,250,000
  • Land Area: 6487.00 m²
  • Garage: 0.00
  • Year Built: 1955
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6888.00
  • MLS#: SR24104350
  • Office Name: CENTURY 21 HOLLYWOOD
  • Agent Name: Alexander Yerekhman
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01255937

Additional details

  • Sewer: None,Public Sewer
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 0.00
  • Water Source: Public

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