Property listed by Oakmore Inc, Jeff Selick 310-498-8820
$3,799,000
Contact Broker for Offering Memorandum (OM) with all details. 1023-1027 N Sierra Bonita Ave, West Hollywood, CA 90046 (the "Property") is a classic vintage multi family building. The Property consists of 14 units totaling approximately 12,018 SF on 0.29 acre (12,630 SF) parcels of land. The Property comprises 14 units:… Read More (8) 1 bedroom 1 bath units, (2) 2 bedroom and 1 bath units, and (4) 2 bedroom and 2 bath units. Two of the units have private and secluded patio front yard areas. This is an excellent investment with immediate cash flow. Moreover, it is offered with attractive 4% assumable financing. This offering provides the rare opportunity to acquire a multi family leased investment in one of the most sought-after markets in the United States. Nestled just steps away from the prime strip of the bustling Santa Monica Boulevard, the Property affords excellent proximity to iconic entertainment, dining, and retail establishments. Santa Monica Blvd is a major thoroughfare and boasts several national retailers and artisan stores, providing easy access to neighborhood amenities for the area's residents. The Property boasts a walk score of 92/100, so most errands can be accomplished on foot. Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Los Angeles location. Attractively offered at $3,799,000 1023-1027 N Sierra Bonita Ave is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. This exclusive offering promises unparalleled potential and long-term appreciation. Don't miss this exclusive opportunity. Read Less
Listing Snapshot
Days Online
95
Last Updated
Beds
20
Square Ft.
12,018
Lot Size
0.29 Acres
Year Built
1959
MLS Number
25581453
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1959, Living area: 12018.0, 2 buildings, Building faces West, 2 stories, Levels: Two, Entry location: Ground Level - no steps
Disclosures
RentControl
Exterior Features
Patio/Porch Features: Enclosed
Heating
Combination
Income
Gross Income: $308,111, Net Operating Income: $210,220
Lot
0.2899 acres
Parking
12 total parking spaces, Assigned, Covered, Driveway
Taxes
Parcel Number: 5530018022, Zoning: WDR3C*
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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