1047 N Sierra Bonita Ave #13 Los Angeles, CA 90046

Listing agency Century 21 Hollywood

Listed by Alexander Yerekham · License #CA #01255937

Source Crexi

Added: Apr 11 Updated: Jul 21 at 6:22AM Checked: Jul 21 at 6:22AM

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Investment Insights

Based on property information with market context.

Offered for sale, this 13-unit apartment building is currently 100% vacant and positioned as a value-add opportunity. The property also features RTI-approved plans on 9 units for the creation of 2 interior ADUs.

The offering is located at 1047 N Sierra Bonita Ave #13 in Los Angeles, CA 90046. Public remarks indicate projected income metrics after renovations, including a stated 5.3% cap rate and 13.8 GRM.

For prospective buyers and brokers, the key differentiator here is the combination of immediate vacancy and the presence of fully approved RTI plans related to interior ADU development on a portion of the unit count.

Key Highlights

• 13‑unit apartment building offered for sale with 100% vacant value‑add potential
• West Hollywood 13 units priced at $498k per door
• Incredible current cap rate of 5.3% and 13.8 GRM after renovations (per remarks)

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FAQs

What type of property is this?

Apartment building - A 13-unit apartment building offered for sale, 100% vacant, with RTI-approved plans for interior ADUs on 9 units.

Where is this apartment building located?

The property is located at 1047 N Sierra Bonita Ave #13 Los Angeles, CA.

What are key features of this property?

This property features: 13‑unit apartment building offered for sale with 100% vacant value‑add potential; West Hollywood 13 units priced at $498k per door; Incredible current cap rate of 5.3% and 13.8 GRM after renovations (per remarks)