West Hollywood, CA 90046,1047 N Sierra Bonita Avenue
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West Hollywood, CA 90046,1047 N Sierra Bonita Avenue
West Hollywood, CA 90046,1047 N Sierra Bonita Avenue
West Hollywood, CA 90046,1047 N Sierra Bonita Avenue
West Hollywood, CA 90046,1047 N Sierra Bonita Avenue

$5,700,000

Est. payment /mo

$6,000,000

5.0%
Est.Price: ?

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1047 N Sierra Bonita Avenue West Hollywood, CA 90046

6,888 SqFt

SOLD DATE : 10/18/2024

Key Details

Sold Price $5,700,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,888 sqft

Price per Sqft $827

MLS Listing ID CRSR24104350

Sold Date 10/18/24

HOA Y/N No

Year Built 1955

Lot Size 6,487 Sqft

Acres 0.15

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. Excellen

Location

State CA

County Los Angeles

Area Listing

Zoning WDR3

Interior

Fireplace No

Laundry Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 5530018026

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Bridge MLS
Listed by Alexander Yerekhman • Century 21 Hollywood
Bought with SeidahlHakimi
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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