1047 N Sierra Bonita AVE Unit: 13

WEST HOLLYWOOD, CA, 90046

$5,995,000

$931 per ft²
$5,995,000
$931 per ft²
Active
Active
 - For Sale
beds
6 Beds
baths
5 Baths
carpenters-square
6,435 ft²
property_type
Multi-family
calendar
Built 1955
Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 498k/door. Incredible Current Cap Rate of 5.3% Cap Rate and 13.8 GRM after renovations. 9 units with Fully Approved RTI Plans for 2 Interior ADUs (Under Construction) and RTI Plans for 2 Exterior ADUs. All interior units are under construction so buyers can complete them to their own taste and get top market rents. Most of the rough construction and heavy lifting have been done except finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Price/Unit, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the estimated remaining remodel cost of 9 units + 2 Interior ADUs at 30k/unit (330k) plus estimated construction cost of 2 Exterior ADUs at 75k/unit (150k).
MLS® ID:
SR23010749CN
Listed:
1/18/23
Updated:
3/29/23
Coldwell Banker Realty
Barry Dantagnan
Office: (818) 426-8677Email: barrydantagnan@gmail.com

Interior Features

Total Bedrooms
6
Total Bathrooms
5
Laundry Description
None

Exterior/Building Features

Lot Size
6,487 ft² lot
Sewer
Not Available

Other Property Details

Garage
No
Parking
5
Parking Total
5.0
View
N
County
Los Angeles
Water Source
None
Pool
No
Pool Description
None
Total Stories
2
Zoning
WDR3C*

Courtesy of Century 21 Hollywood, Alexander Yerekhman,
Listing Contact:  

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 Barry Dantagnan 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 3/29/23

Coldwell Banker Realty
Barry Dantagnan
Office: (818) 426-8677Email: barrydantagnan@gmail.com
Contact