1047 N Sierra Bonita Avenue
West Hollywood,
CA
90046
Property Details
List Price: |
$6,250,000 |
Beds: |
7 |
Baths: |
6 |
Status: |
Active |
SqFt: |
6888 |
Agency: |
Century 21 EDVA |
Description/Comments
Lot Size: |
6,487 sqft |
Property Type: |
MultiFamily |
Year Built: |
1955 |
Notes: |
Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/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. Potential for short-term vacation rental (Airbnb & Vrbo), longer-term furnished rentals, and government master leases to maximize income even further. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. |
MlsNumber: |
SR24040462 |
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Listing Provided By: |
Century 21 EDVA, original listing |
Name: |
Century 21 EDVA |
Phone: |
(818) 371-1665 |
Office Name: |
Century 21 Hollywood |
Office Phone: |
(818) 342-3425 |
Agent Name: |
Alexander Yerekhman |
Disclaimer: |
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