1047 North Sierra Bonita Avenue
1047 North Sierra Bonita Avenue West Hollywood, California 90046 United States

$4,800,000
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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%...

Century 21 Hollywood

Listing Courtesy of Century 21 Hollywood
$4,800,000
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.15 Acres
Exterior
Residential Income
Property type
1955
Year Built
SR21189871
Web Id
SR21189871
MLS ID
Los Angeles Unified
School District
27
days ago

About 1047 North Sierra Bonita Avenue

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.

Listing Courtesy of Alexander Yerekhman, Century 21 Hollywood, 01255937, Active

features

Parking
Garage

PROPERTY INFORMATION

Sewer
Public Sewer
Water
Public

EXTERIOR

Lot Description
0-1 Unit/Acre

ADDITIONAL INFORMATION

Number of Units
11

1047 North Sierra Bonita Avenue, West Hollywood, California 90046 United States is a Residential Income for Sale for $4,800,000. Was built in 1955,  on a lot of .15 Acres ( m2) and it's composed from .


Listing Courtesy of Century 21 Hollywood

Century 21 Hollywood

Listing Courtesy of Century 21 Hollywood
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Based on information from CRISNet MLS as of at the data was obtained. 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.