1047 N Sierra Bonita Avenue, West Hollywood, Los Angeles County, CA, 90046 Los Angeles CA US
For Sale : USD 5995000
MLS #: SR23010749
Details
Bed Rooms
3
Bath Rooms
4
Neighborhood
Central L.A.
Property Type
MultiFamily
Description
Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 498k/door. Incredible Current Cap Rate of 5.3% Cap Rate and 13.8 GRM after renovations. 9 units with Fully Approved RTI Plans for 2 Interior ADUs (Under Construction) and RTI Plans for 2 Exterior ADUs. All interior units are under construction so buyers can complete them to their own taste and get top market rents. All the rough construction and heavy lifting have been done except finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Price/Unit, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the remaining remodel cost of 9 units + 2 Interior ADUs at 30k/unit (330k) plus construction cost of 2 Exterior ADUs at 75k/unit (150k). Find out more about this property. Request details here
Location
Address
1047 North Sierra Bonita Avenue, West Hollywood, California 90046, United States
City
West Hollywood
Map
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