418 N Sierra Bonita Ave, Los Angeles, CA 90036

418 N Sierra Bonita Ave, Los Angeles, CA 90036

Los Angeles, CA

Property Description

7-UNIT FULLY VACANT PROPERTY. We are delighted to present a unique investment opportunity in the Fairfax District of Los Angeles. This fully vacant 7-unit apartment building, built in 1938, is perfectly positioned on a 6,499 sqft lot and encompasses approximately 4,570 sqft of living space. The property, zoned LARD1.5, comprises a mix of 1-bedroom and 2-bedroom units, each boasting its own individual entrance which enhances the privacy and convenience for potential tenants. The building has been meticulously maintained, blending historical charm with modern amenities. Recent renovations in several units add a contemporary touch to the classic appeal of the property. Each unit is individually metered for gas and electricity, ensuring ease of management and billing. The property also offers covered parking facilities at the rear and includes varied amenities such as an enclosed yard, balcony, patio, and in-unit washer/dryer facilities, adding to the appeal for prospective renters. Located in the Beverly Fairfax neighborhood, the building is part of the area recognized by the National Register of Historic Places, noted for its rich architectural and cultural history. The location is unparalleled, nestled on a quiet, narrow residential street with excellent walkability to local shops, eateries, and cultural hotspots. This investment opportunity is ideal for those seeking a property that combines the allure of a historic neighborhood with the practicality of modern living spaces. The full vacancy of the building presents a rare chance for immediate leasing or redevelopment, making it a highly flexible and attractive option in one of Los Angeles’ most sought-after districts.

Property Features

  • Sale Price: $3,995,000
  • Area Size: 4,570 Sq. Ft.
  • Land Area: 6,502 Sq. Ft.
  • Year Built: 1938
  • Listing Date: 1/24/2024
  • Units: 7

Lyon Stahl Investment Real Estate

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