1047 N Sierra Bonita Avenue, West Hollywood, Los Angeles County, CA 90046

For Sale

Listed by Alexander Yerekhman with Century 21 Hollywood
$4,999,999 USD
  • 0.149 ac Lot Size
  • MultiFamily
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Property Summary for 1047 N Sierra Bonita Avenue Español?

Type
MultiFamily
Sub-Type
Other
Lot Size
0.149 Ac
MLS Number
SR21081566
Year Built
1955
Stories
2
Neighborhood
Central L.A.
Zip
90046
School District
Los Angeles Unified School District

Description for 1047 N Sierra Bonita Avenue

Value Add 11 units! Once in a lifetime 100% Vacant 9 Units + 2 Approved ADUs in Prime West Hollywood priced at only 454k/door for vacant units. Value add opportunity with a huge upside to 5.7% Cap Rate and 13.1 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. Individually metered for Gas & Electricity.
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Listing provided by Southland
Copyright © 2021 CRIS-Net Regional MLS (Southland). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Alexander Yerekhman

Century 21 Hollywood

Mortgage rate comparison for 1047 N Sierra Bonita Avenue top

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Demographics in 90046top

Population

Total population 50,900
Male population 27,736
Female population 23,164
Median age 38.20

Households

Total households 29,025
Average people per household 1.73

Housing

Total housing units 31,822
Owner occupied 6,554
Renter occupied 22,471
Median year built 1963

Income

Median household income 72,266
Average household income 114,924

Disclaimer


Demographic data shown in this section was gathered from the 2019 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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