West Hollywood, CA 90046 1047 N Sierra Bonita Avenue 13
$6,250,000
22 more
Presented By: Alexander Yerekhman with Century 21 Hollywood; 818-416-0309
Beds • 2
Baths • 1
SQFT • 6,888
Home Details
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.
Presented By: Alexander Yerekhman with Century 21 Hollywood; 818-416-0309
Interior Features for 1047 N Sierra Bonita Avenue 13
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, Stacked
Street SuffixAvenue
Total Stories2
Other Rooms
Entry Level1
General for 1047 N Sierra Bonita Avenue 13
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.75
Carport Y/NNo
CityWest Hollywood
Community FeaturesCurbs, Gutters, StreetLights, Sidewalks
CountyLos Angeles
Days on Market65
DirectionsSouth of Santa Monica Blvd
Electric Expense3500.0
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income343002.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense8266.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoExistingLoan, CashtoNewLoan
Lot Size Square Feet6487.0
MLS AreaC10 - West Hollywood Vicinity
MaintenanceExpense6500.0
MobileHomeRemainsYNNo
Net Operating Income359075.0
New ConstructionNo
Operating Expense114906.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer, None
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameSierra Bonita
Tax Lot236
Taxes$69,781
Total Units13
Trash Expense1300.0
Unit Number13
UtilitiesSewerNotAvailable
View Y/NNo
Virtual TourClick here
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1955
Year Built SourceAssessor
ZoningWDR3C*
Exterior for 1047 N Sierra Bonita Avenue 13
Building Area Total6888.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres0.1489
Lot Size Area6487.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480