Price Reduction
Address
1047 N Sierra Bonita Avenue West Hollywood, CA
Price
$ 4,600,000
Property Attributes
  • MLS#SR21081566
  • TypeIncome
  • CountyLOS ANGELES
  • CityWest Hollywood
  • AreaWest Hollywood Vicinity
  • Zip90046
  • Style
  • Price$ 4,600,000
  • Bedrooms17
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage6435
  • Lot Size6,487 SqFt
Listing Provided Courtesy Of:
Alexander Yerekhman - BRE#01255937 with Century 21 Hollywood
Data Source:
Crisnet - 313 - CA
Property Description

Reduced 400k! Value Add 11 units! Once in a lifetime 100% Vacant 9 Units + 2 Approved ADUs in Prime West Hollywood priced at only 435k/door for vacant units. Value add opportunity with a huge upside to 6.1% Cap Rate and 12.8 GRM after renovations. Excellent location minutes from The Grove, Sunset Strip, and Beverly Hills. Potential to reconfigure the layouts to create additional beds and baths to have a more favorable unit mix and maximize rents. Approved plans to create 2 attached ADUs within the existing building footprint. Please see Financials & Preliminary ADU Plans in the Docs section. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of ADUs. Individually metered for Gas & Electricity.

Price History
4/19/2021 Listed $4,999,999
6/17/2021 4% - $4,800,000
7/8/2021 5% - $4,600,000

General Features

Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Levels Two
Listing Agent Alexander Yerekhman - BRE#01255937
Listing Agent State License 01255937
MLS Area C10 - West Hollywood Vicinity
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 2
Terms Cash, Cash to New Loan
Total Units 11
Virtual Tour https://www.dysphoto.com/residential/1047_n_sierra_bonita_ave/index.php
Water Sewer Expense 4200
Zoning WDR3C*

Interior Features

Common Walls 2+ Common Walls
Laundry Features Inside

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.15
Lot Size Area 6487
Lot Size Source Assessor
Lot Size Square Feet 6487
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90046

Price
AVG $3.23M
$4.6M
Visits
AVG 42
71
Year Built
AVG 1939
1955
Walkscore
AVG 92
95
Data Provided by Walkscore ® not using MLS data

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