1047 N Sierra Bonita Avenue
West Hollywood, CA, 90046 $ 6,000,000
Bedrooms16 Baths3.0 Sq 6,888 Monthly Estimate*
$ 35,934
Listed by Century 21 Hollywood
for $6,000,000 with 16 bedrooms and 3 full baths. This 6,888 square foot home was built in 1955 on a lot size of 0.1489.
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.
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FeaturesGeneralSewer PublicSewer None
Utilities SewerNotAvailable
Zoning WDR3C*
Garage Spaces 0.0
Pool Features None
Year Built 1955
Stories 2
Levels Two
Property SubType Apartment
Gross Income 381000.0
Community Features Curbs Gutters StreetLights Sidewalks
County Los Angeles
Net Operating Income 299961.0
Operating Expense 81039.0
Insurance Expense 11139.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions South of Santa Monica Blvd
City West Hollywood
Entry Location 1
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 13
MLS Area C10 - West Hollywood Vicinity
Lot Size Units SquareFeet
Lot Size Square Feet 6487.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Terms CashtoExistingLoan CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 83
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 236
Property Sub Type Additional Apartment
Taxes 69900.0
Cap Rate 5.0
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ExteriorLot Features Item1115UnitsAcre
Water Source Public
Total Parking 0.0
Lot Size Area 6487.0
Number of Buildings 1
Spa N
Building Area Total 6888.0
Lot Size Acres 0.1489
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features WasherHookup Stacked
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByCentury 21 HollywoodBroker
Affordability Calculator
- Monthly Principal & Interest
- $35,934
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in West Hollywood, CA
Average List Price $4,120,690
Percent of Sale Price 31%
About West Hollywood, CA 35,971 Population
1% Since 2002
$ 69,697 Median Income
43.33 Median Age
4% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/18/2024 | $6,000,000 | -4.00% | Price Down |
5/23/2024 | $6,250,000 | | Listed Price |