1047 N Sierra Bonita Avenue
West Hollywood, CA 90046
- – beds
- – baths
- – sqft
- 6,487 sqft lot
- 1955 build
- – on site
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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.
Last checked:
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Last updated Jan 17, 2025
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MLS# SR24104350 —
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6888.00
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Building Area Units:Square Feet
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Total Number Of Units:13
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:13
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# of Separate Water Meters:1
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# of Separate Electric Meters:13
Interior
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Levels:Two
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Entry Location:1
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Laundry:Stackable, Washer Hookup
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Laundry:1
Location
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Directions:South of Santa Monica Blvd
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Latitude:34.09008700
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Longitude:-118.35460100
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:WDR3C*
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Lot Features:11-15 Units/Acre
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Lot Size Area:6487.0000
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Lot Size Acres:0.1489
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Lot Size SqFt:6487.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:7001.02
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Tax Tract:18
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Tax Lot:236
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5530018026
Utilities
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Sewer:None, Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Gutters, Sidewalks, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/18/24
Oct 18, 2024
|
Sold | CRMLS_CA | $5,700,000 | -5.0% |
|
10/3/24
Oct 3, 2024
|
Pending | CRMLS_CA | $6,000,000 | |
|
6/18/24
Jun 18, 2024
|
Price Changed | CRMLS_CA | $6,000,000 | -4.0% |
