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1047 N Sierra Bonita Ave
West Hollywood, CA 90046

Price Upon Request

Apartments For Sale  •  6,888 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,888 SF
  • Lot Size 0.15 AC
  • Building Class B
  • Year Built 1955
  • Zoning WDR3C*
57 Transit Score
94 Walk Score

Highlights

Huge 500k Price Reduction! Once in a lifetime 100% Vacant Value Add 13 Units in West Hollywood priced at only 449k/door
Incredible Current Cap Rate of 6.0% and 12.5 GRM after renovations
9 units with Fully Approved RTI Plans for 2 Interior ADUs + 2 Exterior ADUs (Under Construction) Individually metered for Gas & Electricity
All 13 units are under construction so buyers can complete to their own taste and get top market rents
All the rough construction and heavy lifting has been done except finishes (Electrical, Plumbing, Framing, Mechanical)
Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills

Amenities

  • Fenced Lot
  • Kitchen
  • Family Room

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 7.7 mi
Downtown Burbank (Antelope Valley Line - Amtrak, Pacific Surfliner - Amtrak, Ventura County Line - Amtrak) 16 min - 8.0 mi
AirportDriveWalkDistance
Bob Hope 19 min - 10.1 mi
Los Angeles International 25 min - 12.1 mi
Long Beach (Daugherty Field) 43 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: CoveredTandem
Included in Rent: Yes