1047 N Sierra Bonita Avenue 13 West Hollywood, CA 90046
Listing Courtesy of: CRMLS / Century 21 Hollywood / ALEXANDER YEREKHMAN - Contact:  818-416-0309

  1047 N Sierra Bonita Avenue 13 West Hollywood, CA 90046

Active (366 Days)
$6,250,000

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.

MLS #:
SR24040462
Lot Size
6,487 SQFT
Type
Multifamily
Year Built
1955
County
Los Angeles County

Listed By

ALEXANDER YEREKHMAN, Century 21 Hollywood, Contact: 818-416-0309
Source
CRMLS
Last checked May 19 2024 at 7:01 AM PDT
Bathroom Details
Interior Features
  • Laundry: Stacked
  • Laundry: Washer Hookup
Lot Information
  • 11-15 Units/Acre
Utility Information
  • Utilities: Water Source: Public, Sewer Not Available
  • Sewer: Public Sewer
Stories
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2.500
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 01, 2024
Price Changed
$6,250,000
-4%
-245,000
Feb 27, 2024
Original Price
$6,495,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.