1047 N Sierra Bonita Avenue #13, West Hollywood, CA 90046 (MLS # SR24040462)
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.
Property Type(s):
Residential Income
|
Last Updated
|
4/30/2024
|
Year Built
|
1955
|
|
Community
|
West Hollywood Vicinity
|
County
|
Los Angeles
|
Additional Details
| AREA |
West Hollywood Vicinity |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| LOT |
6487 sq ft |
| LOT DESCRIPTION |
11-15 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer,None |
| STORIES |
2 |
| UTILITIES |
Sewer Not Available |
| WATER |
Public |
| ZONING |
WDR3C* |
Location
Listed with Century 21 Hollywood
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Based on information from California Regional Multiple Listing Service, Inc. as of 5/18/24 6:31 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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