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Map
$5,495,000*
●
Multifamily -
Off Market
1047 N Sierra Bonita Avenue
West Hollywood, CA 90046
6 Beds
5 Baths
6867 Sqft
$4,946,000 - $6,044,000
Reference Base Price*
0.00%
Since Dec 1, 2023
CA-Los Angeles
Primary Model
About This Property
Once in a lifetime, 100% Vacant Value Add 13 Units in West
Hollywood priced at only 487k/door. Incredible Current Cap Rate of
5.5% and 13.3 GRM after renovations. 9 units with Fully Approved
RTI Plans for 2 Interior ADUs + 2 Exterior ADUs (Under
Construction). All units are under construction so buyers can
complete them to their own taste and get top market rents. All of
the rough construction and heavy lifting have been done except for
finishes (Electrical, Plumbing, Framing, Mechanical). Excellent
West Hollywood location minutes from The Grove, Sunset Strip, and
Beverly Hills. Individually metered for Gas & Electricity.
Potential for short-term vacation rental (Airbnb & Vrbo) to
maximize income even further. Price/Unit, Cap Rate & GRM are based
on Total Price for sake of conservatism, which includes the
estimated remaining remodel cost of 9 units + 2 Interior ADUs at
25k/unit (275k) plus estimated construction cost of 2 Exterior ADUs
and Soft-Story at 75k/unit (150k) plus estimated Exterior
renovation at (50k).
The manager has listed the unit size as 6867 square feet.
The manager has listed the unit size as 6867 square feet.
Unit Size
6,867Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$800
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1955
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 2, 2023 | No longer available | - | |
No longer available | |||
Oct 6, 2023 | Price Decreased |
$5,495,000
↓ $255K
(4.4%)
|
|
Price Decreased | |||
Sep 6, 2023 | Listed | $5,750,000 | |
Listed | |||
Nov 5, 2020 | Sold | $2,350,000 | |
Sold |
Property Highlights
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
Multifamily
7
Beds
6
Baths
6,888 ft²
$943/ft²
$6,495,000
Feb 27, 2024
-
-
House
5
Beds
7
Baths
4,370 ft²
$1,092/ft²
$4,770,000
Feb 23, 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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