Alta Realty Group CA , Inc
Mike Beauregard, Realtor, Alta Realty Group CA , IncPhone: (858) 433-6869
Email: mike@mikebeauregard.com
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listing
1 of 12
MultifamilyFor Sale
$5,495,000
1047 N Sierra Bonita Avenue
West Hollywood, CA 90046
Listing Provided Courtesy of Century 21 Hollywood
MLS: San Diego Multiple Listing Service (SDMLS)
6,487Sq Ft
Est. Mortgage
$28,464/mo

Huge 500k Price Reduction! Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 449k/door. Incredible Current Cap Rate of 6% and 12.5 GRM after taking into account the remaining construction cost. All units are under construction so buyers can complete them to their own taste and get top market rents. All of the rough construction and heavy lifting have been done except for finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Potential for short-term vacation rental (Airbnb & Vrbo) to maximize income even further. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the estimated remaining construction cost at 27k/unit (351k).Huge 500k Price Reduction! Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 449k/door. Incredible Current Cap Rate of 6% and 12.5 GRM after taking into account the remaining construction cost. All units are under construction so buyers can complete them to their own taste and get top market rents. All of the rough construction and heavy lifting have been done except for finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Potential for short-term vacation rental (Airbnb & Vrbo) to maximize income even further. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the estimated remaining construction cost at 27k/unit (351k).

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Listing Courtesy of Century 21 Hollywood. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 11/17/2024 11:03 PM
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