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Vacant Apartment Building with ADU Plans
For Sale
Contact for pricing
Pending

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

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

Property SizeContact for details
Days on Market130

Property Features for 1047 N Sierra Bonita Ave #13

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Cap Rate 5.3%
Multifamily Units 13
Listing Agency: Century 21 Hollywood
Listed By: Alexander Yerekham · License #CA #01255937
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 18 at 9:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Hollywood

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)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant (Bike/Boat/Book/etc) Store Garden Center Tanning Salon Daycare Center Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

4,796
Businesses Nearby

Demographics for 90046, CA

49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

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)
More about this property
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