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1110 S Sierra Bonita Avenue

Los Angeles (City), CA 90019
  • $1,550,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 22184987
Price Reduced
UPDATED: 7 min ago
$1,550,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,420
    SQFT
  • $351
    $/SQFT
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to offer for sale a six-unit apartment community located at 1110 South Sierra Bonita Avenue. Situated on a 4,420 square foot parcel, the subject property comprises entirely of one-bedroom units. The deal has a strong value-add component with 143% remaining rental upside through unit renovations and the addition of two ADU's. It is surrounded by retail and located within minutes of the Grove providing access to daily errands, retail and nightlife. The prime location of the asset along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 1110 South Sierra Bonita an excellent acquisition opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T23:30:22.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131489910
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1110 S Sierra Bonita Avenue Los Angeles (City), CA 90019

  • Price: $1,550,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 7 min ago
  • ID#: 22184987
6
Beds
0
Baths
0
½ Baths
0.12
Acres
4,420
SQFT
$351
$/SQFT
1949
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
I am pleased to offer for sale a six-unit apartment community located at 1110 South Sierra Bonita Avenue. Situated on a 4,420 square foot parcel, the subject property comprises entirely of one-bedroom units. The deal has a strong value-add component with 143% remaining rental upside through unit renovations and the addition of two ADU's. It is surrounded by retail and located within minutes of the Grove providing access to daily errands, retail and nightlife. The prime location of the asset along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 1110 South Sierra Bonita an excellent acquisition opportunity.
Exterior Features

Parking Features Covered Parking Total 4

Property Features

Association YN No Cap Rate 3.31 Gross Income 88196 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 51279 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T23:30:22.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)