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Map
$5,301,701*
●
Multifamily -
Off Market
1047 N Sierra Bonita Avenue
West Hollywood, CA 90046
Studio
0 Bath
$4,140,000 - $5,060,000
Reference Base Price*
15.25%
Since Sep 1, 2021
CA-Los Angeles
Primary Model
About This Property
Reduced 400k! Value Add 11 units! Once in a lifetime 100% Vacant 9
Units + 2 Approved ADUs in Prime West Hollywood priced at only
435k/door for vacant units. Value add opportunity with a huge
upside to 6.1% Cap Rate and 12.8 GRM after renovations. Excellent
location minutes from The Grove, Sunset Strip, and Beverly Hills.
Potential to reconfigure the layouts to create additional beds and
baths to have a more favorable unit mix and maximize rents.
Approved plans to create 2 attached ADUs within the existing
building footprint. Please see Financials & Preliminary ADU Plans
in the Docs section. Price/Unit, Cap Rate, & GRM are based on Total
Price for sake of conservatism, which includes construction costs
of ADUs. Individually metered for Gas & Electricity.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1955
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2021 | No longer available | - | |
| No longer available | |||
| Jul 9, 2021 | Price Decreased |
$4,600,000
↓ $200K
(4.2%)
|
|
| Price Decreased | |||
| Jun 24, 2021 | Price Decreased |
$4,800,000
↓ $200K
(4%)
|
|
| Price Decreased | |||
| Apr 18, 2021 | Listed | $4,999,999 | |
| Listed | |||
| Nov 5, 2020 | Sold | $2,350,000 | |
| Sold | |||
Property Highlights
1047 N Sierra Bonita Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
15
Beds
15
Baths
6,428 ft²
$590/ft²
$3,795,000
Feb 8, 2024
-
-
House
5
Beds
7
Baths
4,370 ft²
$1,092/ft²
$4,770,000
Feb 23, 2024
-
-
Active
House
4
Beds
5
Baths
4,725 ft²
$930/ft²
$4,395,000
Nov 6, 2023
-
-
Active
House
4
Beds
2.5
Baths
4,712 ft²
$900/ft²
$4,239,000
Jan 16, 2024
-
-
Active
House
4
Beds
4.5
Baths
3,761 ft²
$1,057/ft²
$3,975,000
Feb 28, 2024
-
-
House
5
Beds
5.5
Baths
4,534 ft²
$815/ft²
$3,695,000
Feb 6, 2024
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
01/20/2023
|
|
6 Bed
|
5 Bath
|
6435 ft²
|
$5,995,000
6 Bed
5 Bath
6435 ft²
|
-
-
|
-
|
Alexander Yerekhman
Century 21 Hollywood
|
|
01/19/2021
|
|
Studio
|
-
|
-
|
$4,800,000
Studio
-
|
-
-
|
-
|
-
|
|
05/27/2020
|
|
Studio
|
-
|
-
|
$3,499,999
Studio
-
|
$2,350,000
-32.86%
11/05/2020
|
-
|
Alexander Yerekhman
|
Building Info
1047 North Sierra Bonita Avenue
1047 North Sierra Bonita Avenue, Los Angeles, CA 90046
- 1 Unit for Sale
About West Hollywood
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