422 N Sierra Bonita Ave, Los Angeles, Los Angeles County, CA, 90036 Los Angeles CA US

We are pleased to present 422 North Sierra Bonita Avenue, an extraordinary 5-unit property located in the heart of the vibrant Fairfax District (90036). This unique opportunity offers investors the chance to acquire an irreplaceable asset with significant rental upside in one of Los Angeles' most dynamic and stable rental markets. Built in 1938, 422 North Sierra Bonita Avenue is a two-story property spanning 3,870 square feet. It features five units, including four spacious 1-bedroom/1-bathroom units and one inviting 2-bedroom/1-bathroom unit. The apartment units are generously sized, averaging approximately +/- 774 square feet. The property is situated on a sizable parcel of +/- 6,500 square feet and is zoned LARD1.5. Residents will appreciate the convenience of covered garage parking for three vehicles, complemented by additional outdoor parking at the rear. Notably, each unit has separate metering for gas and electrical utilities. Ideally positioned on a quiet street in the heart of the Fairfax District, 422 North Sierra Bonita Avenue offers immediate access to neighboring communities such as Beverly Hills, Hancock Park, and West Hollywood. This strategic location makes it an ideal investment for apartment operators and owner occupiers seeking a stable opportunity for long-term wealth preservation and appreciation. A short distance away, residents can explore world-class attractions, including The Grove and Farmer's Market, renowned for their fantastic shopping and dining experiences. La Brea Avenue and Melrose Avenue, also just a short stroll away, are famous for their trendy retail outlets and exceptional restaurants, making them some of Los Angeles' most popular destinations. In addition to the nearby shopping and dining options, the property is conveniently located close to other popular attractions such as the Los Angeles County Museum of Art (LACMA), known for its impressive art collections, and the iconic Sunset Strip, renowned for its vibrant nightlife and live entertainment venues. Don't miss out on this exceptional investment opportunity at 422 North Sierra Bonita Avenue. With its prime location, significant rental potential, and proximity to popular attractions, this property is truly one-of-a-kind in the thriving Fairfax District. Find out more about this property. Request details here