$6,250,000

1047 Sierra Bonita Avenue # 13, West Hollywood 90046

7

Beds

6

Baths

6,487

Lot Size

13

# Of Units

Listing Agent
Alexander Yerekhman - Century 21 Hollywood

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.

Facts & Features

MLS® # SR24040462
Price $6,250,000
Bedrooms 7
Bathrooms 6.00
Lot Size 6,487
Year Built 1955
Type Residential Income
Sub-Type Apartment
Status Active
# Of Units 13

Community Information

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

Amenities

Utilities 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 February 27th, 2024
Days on Market 63
Zoning WDR3C*
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAlexander Yerekhman
OfficeCentury 21 Hollywood

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?