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    1047 N Sierra Bonita Avenue

    West Hollywood, CA 90046
    • $4,800,000
    • STATUS: Active
    • ON SITE: 58 Days
    • ID#: SR21189871
    UPDATED: 51 min ago
    $4,800,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,435
      SQFT
    • $746
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Vacant Value Add 11 units! Once in a lifetime 100% Vacant 9 unit building with Approved Plans to convert it to an 11 unit building in Prime West Hollywood priced at only 453k/door for vacant units. Value add opportunity with a huge upside to 5.8% Cap Rate and 13.1 GRM after renovations. Excellent location minutes from The Grove, Sunset Strip, and Beverly Hills. Approved plans to create 2 new units within the existing building footprint. Potential to reconfigure the layouts to create additional beds and baths to have a more favorable unit mix and maximize rents. Please see Financials & approved conversion plans 2 new units in the Docs section. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 2 new units. Individually metered for Gas & Electricity.

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    Based on information from CRISNet MLS as of 2021-10-25T18:56:30.353. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-25T18:56:30.353. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchhomesincalifornia.com/homes/120899253
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    1047 N Sierra Bonita Avenue West Hollywood, CA 90046

    • Price: $4,800,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: SR21189871
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,435
    SQFT
    $746
    $/SQFT
    1955
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    Vacant Value Add 11 units! Once in a lifetime 100% Vacant 9 unit building with Approved Plans to convert it to an 11 unit building in Prime West Hollywood priced at only 453k/door for vacant units. Value add opportunity with a huge upside to 5.8% Cap Rate and 13.1 GRM after renovations. Excellent location minutes from The Grove, Sunset Strip, and Beverly Hills. Approved plans to create 2 new units within the existing building footprint. Potential to reconfigure the layouts to create additional beds and baths to have a more favorable unit mix and maximize rents. Please see Financials & approved conversion plans 2 new units in the Docs section. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 2 new units. Individually metered for Gas & Electricity.
    Exterior Features

    Levels Two Lot Features 0-1 Unit/Acre Lot Size Area 6487.0000 Parking Total 10.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features Individual Room Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features GuttersSidewalks Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Wdr3c*

    Listing provided courtesy of Alexander Yerekhman, CA DRE# 01255937, of Century 21 Hollywood.


    Based on information from CRISNet MLS as of 2021-10-25T18:56:30.353. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-25T18:56:30.353. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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