West Hollywood, CA 90046,1047 N Sierra Bonita AVE
See all 27 photos
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
West Hollywood, CA 90046,1047 N Sierra Bonita AVE

$5,700,000

Est. payment /mo

$6,000,000

5.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1047 N Sierra Bonita AVE West Hollywood, CA 90046

6,487 Sqft Lot

SOLD DATE : 10/18/2024

Key Details

Sold Price $5,700,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSR24104350

Year Built 1955

Lot Size 6,487 Sqft

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 C10 - West Hollywood Vicinity

Interior

Laundry 30, Stacked Only

Exterior

Pool None

Building

Sewer None

Water District - Public

Others

Special Listing Condition Not Applicable

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Listing IDX PLUS
Listed by Alexander Yerekhman • Century 21 Hollywood
Bought with Seidahl Hakimi

The Walker Team

Agent | License ID: 01244287

+1(650) 383-7298

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.