CA > West Hollywood
West Hollywood, CA 90046,1047 N Sierra Bonita AVE
West Hollywood, CA 90046,1047 N Sierra Bonita AVE
West Hollywood, CA 90046,1047 N Sierra Bonita AVE
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$6,000,000
Est. payment /mo
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6,888 SqFt
Pending

1047 N Sierra Bonita AVE West Hollywood, CA 90046

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Coldwell Banker West

Coldwell Banker West

+1(619) 737-2126

UPDATED:

10/03/2024 06:25 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 6,888 sqft

Price per Sqft $871

MLS Listing ID SR24104350

HOA Y/N No

Year Built 1955

Lot Size 6,486 Sqft

Acres 0.1489

Property Description

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Rooms

Ensuite Laundry Washer Hookup, Stacked

Interior

Laundry Location Washer Hookup,Stacked

Fireplace No

Laundry Washer Hookup, Stacked

Exterior

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Utilities Available Sewer Not Available

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer, None

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5530018026

Acceptable Financing Cash to Existing Loan, Cash to New Loan

Listing Terms Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Alexander Yerekhman • Century 21 Hollywood • 818-416-0309

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Coldwell Banker West

Broker | License ID: 00889834

+1(619) 737-2126

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