Sold
1047 N Sierra Bonita AVE
WEST HOLLYWOOD CA, 90046
$5,700,000
$827.53 per sqft
Sold
3 Beds
3 Baths
6,888 sqft
Multi-family
Built in 1955
Huge 500k Price Reduction! The property is currently 100% Master Leased for the next 5 years providing a guaranteed cash flow (1 monthly check of $31,750 with 2.5% annual increases) with 0% vacancy plus all expenses paid by the tenant including management fees, utilities, interior repairs, cleaning, pest control, etc (Similar to a hassle-free NNN deal with stable income and landlord only responsible for paying property taxes and insurance). Once in a lifetime, 13 units in Prime West Hollywood that was 100% Vacated & Renovated cash flowing at an incredible 5% Cap Rate from day 1 with no management responsibilities. Priced at only 461k/door for units that have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. On top of that, all the major systems have been updated including roof, electrical, plumbing, windows, HVAC, soft-story, etc. The unit mix provides unparalleled versatility with 5 (2bed/1bath) units, 6 (1bed/1bath) units, and 2 (studio/1bath) units. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.
SR24104350MR
MLSⓇ ID
May 22, 2024
Listed
October 20, 2024
Updated
Map
1047 N Sierra Bonita AVE
WEST HOLLYWOOD CA, 90046
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
3
Laundry Description
Laundry Closet Stacked, Stackable W/D Hookup, Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Sewer
Not Available, Public Sewer
Other Property Details
Area Name
West Hollywood Vicinity
Days on Market
133
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
WDR3C*
Listing History
Date | Event | Price |
---|---|---|
10/20/2024 | Sold | $5,700,000 |
10/3/2024 | Pending | — |
6/18/2024 | Price change | $6,000,000 -4% |
Listed by Alexander Yerekhman with Century 21 Hollywood
Listing Contact: 818-416-0309
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lorissa Singleton shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/20/2024