1023-1027 N Sierra Bonita Ave - Apartments FOR SALE


West Hollywood, CA 90046
$4,000,000 USD
310-498-8820
1023-1027 N Sierra Bonita Ave, West Hollywood, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/5
null | 5.21% Cap Rate

1023-1027 N Sierra Bonita Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Phenomenal Below Market Assumable Financing with a 4.01% Assumable Loan in Place
  • 14 Unit Apartment Building in Prime WeHo: Excellent Unit Mix - (8) 1BR/1 BTHS, (4) 2BRS/2BTHS, and (2) 2BRS/1BTH. Two Units Have Private Patios
  • Units are Separately Metered for Electricity and Gas.
  • Ample Parking: 13 Dedicated Covered Parking Spaces, Including One Tandem Spot That Can Accommodate Two Cars.
  • Steps Away From Santa Monica Blvd: a Major Thoroughfare That Boasts Several Retailers and Artisan Stores.
  • Excellent Demographics and dense infill area with Average Household Income over $149,486 and Median Housing Value of $1,520,000 in a half mile radius.

OVERVIEW

Contact Broker for full Offering Memorandum. Oakmore Inc., on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in a classic vintage multi family building at 1023-1027 N Sierra Bonita Ave, West Hollywood, CA 90046 (the “Property”). 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: (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 $4,000,000, 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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

14

PRICE/UNIT

$285,714

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assumable Financing | 14 Units Prime WeHo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R3

APN/PARCEL ID

5530-018-021,5530-018-022

ASK ABOUT THIS PROPERTY

Jeff SelickOakmore IncMore Info
310-498-8820

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Jeff SelickOakmore IncMore Info
310-498-8820

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.