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$5,995,000
For 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.

GreatSchools ratings are multi-measured, based on a variety of quality indicators. School information should be independently verified with the school district.

Location

  • County: Los Angeles
Listing Courtesy of Alexander Yerekhman at Century 21 EDVA 818-371-1665 efrish@c21edva.com
Source: Listhub.com

MLS Disclaimer: Copyright © 2023 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.
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