Jeremiah Moersch REALTOR®
Office: 760-533-2540
1047 Sierra Bonita Avenue # 13, West Hollywood
$6,250,000
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7 Beds
6 Baths
.15 Acre
0 Garage
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.
Essential Information
- MLS® #
- SR24040462
- Price
- $6,250,000
- Bedrooms
- 7
- Bathrooms
- 6.00
- Acres
- 0.15
- Year Built
- 1955
- Type
- Residential Income
- Sub-Type
- Apartment
- Status
- Active
Community Information
- Address
- 1047 Sierra Bonita Avenue # 13
- Area
- C10 - West Hollywood Vicinity
- City
- West Hollywood
- County
- Los Angeles
- Zip Code
- 90046
- Senior Community
- N
Community Features
Curbs, Gutter(s), Street Lights, Sidewalks
Amenities
- Utilities
- Sewer Not Available
- Parking Spaces
- 5
- Pool
- None
Interior
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- 11-15 Units/Acre
Additional Information
- Date Listed
- February 27th, 2024
- Days on Market
- 80
- Zoning
- WDR3C*
Listing Details
- Agent
- Alexander Yerekhman
- Office
- Century 21 Hollywood
Property History
Price Reduced from $6,495,000 to $6,250,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 7:50am PDT. 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.