$5,995,000

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

6,487

Lot Size

13

# Of Units

Listing Agent
Alexander Yerekhman - Century 21 Hollywood - 818-416-0309

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. All 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 remaining remodel cost of 9 units + 2 Interior ADUs at 30k/unit (330k) plus construction cost of 2 Exterior ADUs at 75k/unit (150k).

Facts & Features

MLS® # SR23010749
Price $5,995,000
Bathrooms 0.00
Lot Size 6,487
Year Built 1955
Type Residential Income
Sub-Type Apartment
Status Active
# Of Units 13

Community Information

Address 1047 N Sierra Bonita Avenue # 13
Area C10 - West Hollywood Vicinity
City West Hollywood
County Los Angeles
State CA
Zip Code 90046

Amenities

Utilities Water Not Available, Sewer Not Available
Parking Spaces 5
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description 11-15 Units/Acre

Additional Information

Date Listed January 19th, 2023
Days on Market 7
Zoning WDR3C*
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAlexander Yerekhman
OfficeCentury 21 Hollywood
Info818-416-0309

Listing Map

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