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1047 Sierra Bonita Avenue
West Hollywood, CA 90046
Sold
1047 Sierra Bonita Avenue
West Hollywood, CA 90046
Sold
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.
PROPERTY INFORMATION
| MLS # | SR24104350 | Lot Size | 6,487 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 6,000,000
Price Per SqFt: $ 871 |
DOM | 348 Days |
| Address | 1047 Sierra Bonita Avenue | Type | Residential Income |
| City | West Hollywood | Sq.Ft. | 6,888 Sq. Ft. |
| Postal Code | 90046 | Garage | N/A |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 7 / 0 | Parking | N/A |
| Built In | 1955 | Status | Closed |
| Sold Date | 2024-10-18 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Stackable, Washer Hookup |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $6,400
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/03/2024 | Pending | $6,000,000 |
| 06/18/2024 | Price Change | $6,000,000 (-4.00%) |
| 05/22/2024 | Listed | $6,250,000 |
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Listing provided courtesy of Alexander Yerekhman, Century 21 Hollywood. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
