Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/door for units that have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. On top of that, all the major systems have been updated including roof, electrical, plumbing, windows, HVAC, soft-story, etc. The unit mix provides unparalleled versatility with 5 (2bed/1bath) units, 6 (1bed/1bath) units, and 2 (studio/1bath) units. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Potential for short-term vacation rental (Airbnb & Vrbo), longer-term furnished rentals, and government master leases to maximize income even further. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.
Property Details
Property Features
Property Information:
Year Built: 1955
Stories: 2
Listing Office:
Office Name: Century 21 Hollywood
Office Phone: (818) 416-0309
Listing Agent: Alexander Yerekhman
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.15 Acres
School Info
Assigned Schools Information:
Fairfax Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Laurel Elementary School, Public District Grades KG-8
Studio, Public District Grades 6-8
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: South of Santa Monica Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $6,250,000
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Housing Market Comparison
See how this home compares to others in West Hollywood, CA.
1047 N Sierra Bonita Ave Unit 13 vs West Hollywood
67 DAYS ON ROCKET
+34 Days
$6,250,000
+$5.1M More
KEY TAKEAWAY
This property is $5.1M more than the Median Sold Price in West Hollywood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24040462
Listing Office:
Office Name: Century 21 Hollywood
Office Phone: (818) 416-0309
Listing Agent: Alexander Yerekhman
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/5/2024, 1:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school0.66 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.91 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school26.24 miles
Public Magnet Grades KG-5
Middle School
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.83 miles
Public District Grades 6-8
High School
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school0.55 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.94 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.95 miles
Public Magnet Grades 9-12
Assigned Schools
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school0.66 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.91 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school26.24 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.83 miles
Public District Grades 6-8
Nearby Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school0.99 miles
Public Magnet Grades 6-8
Assigned Schools
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school0.55 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.94 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.95 miles
The neighbors living near this home have an average income of $40,515. The most common annual income of people living in West Hollywood, CA is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1047 N Sierra Bonita Ave Unit 13
What is the listing price of this property?
The listing price of 1047 N Sierra Bonita Ave Unit 13 property is $6,250,000.
What type of property is this?
The property 1047 N Sierra Bonita Ave Unit 13 is a condo located in West Hollywood, California, 90046.
Is this property for sale now?
Active Listing: 1047 N Sierra Bonita Ave Unit 13 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1047 N Sierra Bonita Ave Unit 13 are: Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Laurel Elementary School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 4/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
Which year was this property built?
The year of construction for 1047 N Sierra Bonita Ave Unit 13 is 1955.
Interested in 1047 N Sierra Bonita Ave Unit 13? Let's connect.
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This home is located at 1047 N Sierra Bonita Ave Unit 13 in West Hollywood, CA and zip code 90046 in the Central LA neighborhood. This home, which was built in 1955, sits on a 0.15 acre lot. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $6,250,000.
Over 12 listings were sold over their listed price in April 2024 in West Hollywood, CA. In the same period over 14 listings were sold below the listed price and 7 listings were sold for the listed price. The number of homes for sale in West Hollywood, CA increased by 19.2% between March 2024 and April 2024. The median list price of listings available in April 2024 was $1,147,500, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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