34.090088 -118.3546

1047 N Sierra Bonita Avenue WEST HOLLYWOOD, CA 90046

302232269 34.090088 -118.3546 124 /listing/302232269-150136333/1047-n-sierra-bonita-avenue-west-hollywood-ca-90046 False 0 4800000.0 105 SR21189871 False
  • $4,800,000
  • 0.15 lot
  • Est payment $25767.44/mo

Property & Neighborhood Info

Courtesy Of Alexander Yerekhman, DRE#01255937, Century 21 Hollywood

Multi-Family in West Hollywood

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.

Courtesy Of Alexander Yerekhman, DRE#01255937, Century 21 Hollywood
  1. 0.15 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1955
  • Garage: 10.0
  • Floors: 2
  • County: LOS ANGELES
  • Units: 11
  • Zoning: WDR3C*
  • MLS Number:SR21189871

Additional Features

  • Laundry:
    • LaundryRoom
  • Building Square Feet:
    • 6435
  • Common Walls:
    • Item2CommonWalls
  • Garage:
    • Y
  • Levels:
    • Two
  • New Construction:
    • N
  • Year Built Source:
    • Assessor
  • Lot Description:
    • Item01UnitAcre
  • Pool:
    • None
  • Sewer:
    • PublicSewer
  • Community Features:
    • Gutters
    • Sidewalks
  • Number of Buildings:
    • 1
  • Water:
    • Public
  • Gross Income:
    • 359670
    • 381000
  • Net Operating Income:
    • 289374
  • Terms:
    • Cash
    • CashtoNewLoan
  • CDOM:
    • 175
  • Special Conditions:
    • Standard
  • Annual Trash Expense:
    • 1600
  • Cap Rate:
    • 5.8
  • DOM:
    • 1
  • Electric Exp:
    • 1600
  • Fuel Exp:
    • 100
  • Gross Scheduled Income:
    • 381000
  • Insurance Expense:
    • 2896
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 539242520
  • Operating Expense:
    • 80196
  • Parcel Number:
    • 5530018026
  • Public Document Count:
    • 4
  • Water Sewer Exp:
    • 3300
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
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JOANN KEPLER
JOANN KEPLER
Luxury Residential Specialist
30699 Russell Ranch Rd Ste 100 Westlake Village CA 91362
34.090088 -118.3546

1047 N Sierra Bonita Avenue WEST HOLLYWOOD, CA 90046

302232269 34.090088 -118.3546 124 /listing/302232269-150136333/1047-n-sierra-bonita-avenue-west-hollywood-ca-90046 False 0 4800000.0 105 SR21189871 False
  • $4,800,000
  • 0.15 lot
  • Est payment $25767.44/mo