$5,995,000For Sale
For Sale: 1047 N Sierra Bonita Avenue, West Hollywood, CA
0 Bed | 0 Bath | 6,435 sqft
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Key Details
Type
Apartment
Lot Size
0.15 acres
Year Built
1955
MLS #
SR23010749
Home Description
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. All 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 remaining remodel cost of 9 units + 2 Interior ADUs at 30k/unit (330k) plus construction cost of 2 Exterior ADUs at 75k/unit (150k).
Features & More
Exterior & Building
| Architectural Style | Other |
| Roof Type | Unknown |
Nearby Schools
Schools provided by the listing agent
School info is currently unavailable from the MLS. Check back soon for updates.
Location
- County: Los Angeles
Source: Listhub.com
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