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Listing Details

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School Ratings & Info

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Description

This very well maintained 10-unit apartment complex is located in one of the most desirable rental markets, one of the premier locations w/high demand rentals in California. Comprised of excellent unit mix of 6 (1bed/1bath) and 4 (2bed/2bath) units with parking ratio of 1.7/per unit. Laundry facility on-site with additional approx. $3k income per/yr. There is a non-conforming single unit on ground floor potentially an ADU for additional income (currently used as an office/storage) Great upside potential in rents. Soft story retrofit completed in 2020. Separate meters for gas/electricity. Centrally located south of Sunset and North of Fountain Ave with walk score of 88 close to all area shops, dining, transportation and entertainment hot spots. West Hollywood post office address. Property is managed by the owner. Drive by and please do not disturb tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T23:42:31.727. 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.
www.desertarealuxuryhomes.com/homes/115126680
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1343 N Sierra Bonita Ave West Hollywood, CA 90046

  • Price: $3,999,000
  • Status: Active
  • Updated: 118 min ago
  • MLS #: 21-705012
14
Beds
0
Baths
0
½ Baths
0.19
Acres
8,924
SQFT
$448
$/SQFT
1959
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
School District:
Los Angeles Unified
Property Description
This very well maintained 10-unit apartment complex is located in one of the most desirable rental markets, one of the premier locations w/high demand rentals in California. Comprised of excellent unit mix of 6 (1bed/1bath) and 4 (2bed/2bath) units with parking ratio of 1.7/per unit. Laundry facility on-site with additional approx. $3k income per/yr. There is a non-conforming single unit on ground floor potentially an ADU for additional income (currently used as an office/storage) Great upside potential in rents. Soft story retrofit completed in 2020. Separate meters for gas/electricity. Centrally located south of Sunset and North of Fountain Ave with walk score of 88 close to all area shops, dining, transportation and entertainment hot spots. West Hollywood post office address. Property is managed by the owner. Drive by and please do not disturb tenants.
Exterior Features

Direction Faces West Exterior Construction Stucco Levels Two Lot Description Lot Shape-RectangularLot-Level/Flat Lot Location City Lot Size Area 8116 Other Structures None Parking Garage Carport AttachedCovered Parking Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Low Rise Tennis Court None Tennis YN No Total Parking 17 View Description None View YN No Water Frontage None

Interior Features

Baths Total 14.00 Cooling Wall Unit(S) Equipment WasherDryer Foundation Details Slab Heating Wall Gas Laundry CommunityRoomOutside Laundry Equipment Own

Property Features

Alley YN No Assessed Total Value 1178443 Gardener Expense 900.00 Gross Income 236820 Gross Operating Income 236820 Insurance Expense 4500.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Maintenance Expense 7500.00 Net Operating Income 194215.00 Number Of Buildings 1 Number Of Units 10 Owner Pays WaterGardenerOther Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 42605 Trash Expense 3135.00 Type Of Units Apartment Water In Street Water Expense 10200.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Azita Tahsini DRE#01256924 of Beverlywood Estates.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T23:42:31.727. 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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