1035 N Sierra Bonita Ave - Apartments FOR SALE


West Hollywood, CA 90046
$3,395,000 USD
866-371-6468
1035 N Sierra Bonita Ave, West Hollywood, CA for Sale
$3,395,000 USD
Apartments - FOR SALE
1/11
null | 4.76% Cap Rate

1035 N Sierra Bonita Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Prime West Hollywood Location in Coveted 90046 Zip Code
  • Good Unit Mix with Select Units Featuring High-End Renovations
  • Utilizing SB1211 & Converting the Carports into Multiple ADU Units
  • Upgraded Copper Plumbing, Custom Handrails, Curved Walkways, and Lush Landscaping
  • Large Demand from Young Professional Renter Demographic with Inflow from Film Industry & Other Major Employment Hubs
  • Close Proximity to Hollywood Blvd, Sunset Strip, & Numerous Retail, Restaurant, & Entertainment Amenities

OVERVIEW

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: Ideally located at 1035 North Sierra Bonita Avenue in the heart of West Hollywood, California. Nestled just south of Santa Monica Boulevard and east of North Fairfax Avenue, this asset is positioned in one of the city’s most vibrant and sought-after neighborhoods. Built in 1956, the property features an ideal unit mix of seven, one-bedroom/one-bathroom units and two, two-bedroom/two-bathroom units, with one unit delivered vacant at closing. Select residences have been thoughtfully renovated with modern upgrades including quartz countertops, mosaic tile backsplashes, stainless steel appliances, dishwashers, and recessed lighting. Common area improvements include full copper plumbing, custom handrails, curved walkways, and lush landscaping, enhancing the mid-century charm of this classic dingbat building. The property also features four carport parking spaces with potential for conversion into multiple ADUs. Leveraging SB 1211, investors could add up to eight (8) additional ADUs, nearly doubling the existing unit count. Each unit is individually metered for gas and electricity, reducing operating expenses and providing further investment stability.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

9

PRICE/UNIT

$377,222

CAP RATE

4.76%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heart of West Hollywood Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

R3C, West Hollywood

APN/PARCEL ID

5530-018-024

ASK ABOUT THIS PROPERTY

Aaron LeiderCREIMore Info
866-371-6468

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Aaron LeiderCREIMore Info
866-371-6468

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