Listed by Alexander Yerekhman with Century 21 Hollywood

1047 N Sierra Bonita Avenue Unit: 13

West Hollywood, CA, 90046

$5,995,000

$931 per ft²
$5,995,000
$931 per ft²
Active
Active
 - For Sale
carpenters-square
6,435 ft²
property_type
Multi-family
calendar
Built 1955
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. Most of 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 estimated remaining remodel cost of 9 units + 2 Interior ADUs at 30k/unit (330k) plus estimated construction cost of 2 Exterior ADUs at 75k/unit (150k).
MLS® ID:
SR23010749
Listed:
1/18/23
Updated:
4/2/23
Keller Williams Realty Beverly Hills
Richard Lombari

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
6,487 ft² lot
Lot Details
11-15 Units/Acre
Sewer
None

Other Property Details

Area Name
C10 - West Hollywood Vicinity
Association Amenities
Curbs, Gutter(s), Street Lights, Sidewalks
Garage
No
Parking
5
Parking Total
5.0
View
N
County
Los Angeles
Utilities
Sewer Not Available, Water Not Available
Water Source
None
Pool
No
Pool Description
None
Total Stories
2
Zoning
WDR3C*
Buyer Agency Compensation
2.500

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/2/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/2/23 at 8:36 AM UTC

Keller Williams Realty Beverly Hills
Richard Lombari
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