1047 Sierra Bonita Avenue , West Hollywood, CA - 90046 is For Sale

  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
  • SR23010749
$5,995,000· Income property


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#: SR23010749
List Price : $5,995,000
Total Units : 13
CAP rate : $5.30
Gross Operating Income : $453,203
Net Operating Income : $453,203
Sq M : 603 M2
Year Built : 1955
Days on market : 69 Days
Gross taxes : N/A
Address : 1047 Sierra Bonita Avenue
City : West Hollywood
State : CA
Zip Code : 90046
Neighborhood : N/A
Stories : 2
Laundry : None
Sale Type : Standard
Property Type : Residential Income
Original List Price : $5,995,000
Acres : 0.1489
Lot Size (Acres) : 0.1489
Water : None
Sewer : None
Pool Desc : None
Driving Directions : South of Santa Monica Blvd
Lot Features : 11-15 Units/Acre
Courtesy of : Alexander Yerekhman , Century 21 Hollywood


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