1046 N Sierra Bonita Ave.

Offering Highlights

  • Offer Price:

    $2,600,000

  • Price/SF:

    $373.56

  • Price/Unit:

    $325,000

  • Units:

    8

  • Net Reantable Area:

    6,960

  • Cap Rate:

    4.40%

  • GRM:

    14.40

  • Status:

    Active

We are proud to present 1046 Sierra Bonita, an 8 unit apartment building located in an excellent West Hollywood neighborhood!

Situated on a 6,398 SF lot, this property consists of (4) one-bedrooms and (4) two-bedroom apartments, totaling 6,960 rentable square feet.

Between two vacant units and plenty of common space area, this is the perfect opportunity for investors to acquire a property they can renovate and reposition in order to maximize their rate
of return.

With a Walkscore of 96 and a school score of 8.5/10, this is a tenant’s ideal location as it is conveniently located in the heart of West Hollywood, steps away from an array of restaurants, bars,
coffee shops, and retail stores.

Investment Highlights:

• Located in prime West Hollywood, this property sits within a block of Santa Monica Blvd.
• Two vacant units delivered at the close of escrow.
• On-site amenities include laundry, parking, and room to create an outdoor seating area and/or shared outdoor kitchen.
• Great unit mix consisting of four (4) one-bedrooms and four (4) two-bedroom apartments, all providing spacious floor plans.
• Plenty of common space area that can be transformed into a beautiful courtyard for the tenants.
• Walkability score of 96 and steps away from Santa Monica Blvd, providing a vast option of trendy restaurants and popular bars.
• Lowest paying tenant is paying approximately $1,346 per month, resulting in high feasibility of tenancy turnaround if desired.
• ‘Value add’ opportunity through tenant relocation and renovation plan

Exclusively listed by:

Sam Liberow
First Vice President Investments
Direct: 818-212-2795
Cell: 718-406-3128
SLIBEROW@MARCUSMILLICHAP.COM

CA: 01933858

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