$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 - 818-416-0309Once 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
| Agent | Alexander Yerekhman |
|---|---|
| Office | Century 21 Hollywood |
| Info | 818-416-0309 |