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1110 S Sierra Bonita Ave

Los Angeles, CA 90019
  • $1,795,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 21-790558
UPDATED: 51 min ago
$1,795,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,420
    SQFT
  • $406
    $/SQFT
Type:
Multi-Family
County:

School Ratings & Info

Description

Six unit multi-family building located in prime Mid-Wilshire of Los Angeles. The subject site is a major value-add site with approximately 110% upside in rent. Pro Forma cap rate is 8.3%! The unit mix consists of six 1bed / 1 bath and a large detached four car garage (currently not used as parking by any tenants) that can be converted into a one or two bedroom ADU. The units are large at approximately 760 square feet each. Only half a mile from retail and restaurants along S. Fairfax Avenue and one mile from the Mid-Town Shopping Center. Great location close to retail on both La Cienega Blvd. and La Brea Ave. Just 1.1 miles from the Los Angeles County Museum of Art.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-06T21:43:18.327. 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.haciendagroupinc.com/homes/122403217
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1110 S Sierra Bonita Ave Los Angeles, CA 90019

  • Price: $1,795,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 51 min ago
  • MLS #: 21-790558
6
Beds
0
Baths
0
½ Baths
0.12
Acres
4,420
SQFT
$406
$/SQFT
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
Six unit multi-family building located in prime Mid-Wilshire of Los Angeles. The subject site is a major value-add site with approximately 110% upside in rent. Pro Forma cap rate is 8.3%! The unit mix consists of six 1bed / 1 bath and a large detached four car garage (currently not used as parking by any tenants) that can be converted into a one or two bedroom ADU. The units are large at approximately 760 square feet each. Only half a mile from retail and restaurants along S. Fairfax Avenue and one mile from the Mid-Town Shopping Center. Great location close to retail on both La Cienega Blvd. and La Brea Ave. Just 1.1 miles from the Los Angeles County Museum of Art.
Exterior Features

Lot Size Area 5208 Other Structures None Parking Garage Garage Total Parking 4

Interior Features

Baths Total 6.00 Cooling Air Conditioning Equipment Range/OvenRefrigerator Heating Central

Property Features

Assessed Total Value 266095 Gross Income 90596 Gross Operating Income 90596 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 54485.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 34752 Type Of Units 1Bed1Bath Zoning Lar3

Listing provided courtesy of Oron Maher DRE# of Maher Commercial Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-06T21:43:18.327. 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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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253