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351 N Sierra Bonita Ave, Los Angeles, CA 90036

$2,625,000

Description

Lyon | Stahl Investment Real Estate is proud to present 351 N Sierra Bonita Ave, a well-kept Spanish-style apartment building located in the Fairfax/Beverly Grove district – one of the most desirable and walkable neighborhoods in Los Angeles. Built in 1930, this 6-unit building consists of two stories and a unit mix of two (2) 2-bed/1-bath and four (4) 1-bed/1-bath units. Select units feature original details, such as hardwood floors, period tile in kitchens/bathrooms, and cove ceiling molding. The building’s electrical and plumbing systems have been extensively upgraded throughout. There are 6 garage parking spaces on-site and additional rear surface parking. Given the property’s high upside (40% increase in market rent potential) and great location near the Grove, the Fairfax & Melrose shopping district, and various restaurants, this is an excellent opportunity for any investor to acquire on prime Los Angeles real estate.

 

Investment Highlights:
● 5,588 SF building situated on a 6,497 SF lot
● Desirable unit mix – (2) 2-bed/1-bath & (4) 1-bed/1-bath
● Select units feature original details – hardwood floors, period tile in kitchen/bathroom, & ceiling molding
● Electrical & plumbing systems have been upgraded throughout
● (6) on-site garage parking spaces + additional surface parking in rear
● A+ prime location! Blocks from the Grove, Melrose & Fairfax shopping district, and more
● Attractive seller financing available!

Property Downloads

Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on January 7, 2019 at 5:54 pm

  • Price: $2,625,000
  • Property Size: 5,588 Sq Ft
  • Land Area: 6,497 Sq Ft
  • Garage Size: 6
  • Year Built: 1930
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 6
  • NOI: $97,522
  • GRM: 18.10
  • CAP RATE: 3.72%
  • Price per Unit: $437,500

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 880-5328
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin

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