1047 N Sierra Bonita Ave West Hollywood, CA

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Home For Sale In West Hollywood, California

Price: $6,250,000
Address: 1047 N Sierra Bonita Ave
City: West Hollywood
State: CA
Zip:
Amenities: AC,Washer Dryer
Bathrooms: 10+
Bedrooms: 10
Fee: No
Provided By: RealtyWW

Description:

Once in a lifetime, 100% Vacant and Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/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. Potential for short-term vacation rental (Airbnb and Vrbo), longer-term furnished rentals, and government master leases to maximize income even further.

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