422 N Sierra Bonita Ave, Los Angeles, CA 90036
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422 N Sierra Bonita Ave, Los Angeles, CA 90036
422 N Sierra Bonita Ave, Los Angeles, CA 90036
422 N Sierra Bonita Ave, Los Angeles, CA 90036
422 N Sierra Bonita Ave, Los Angeles, CA 90036
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$ 1,795,000
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422 N Sierra Bonita Ave Los Angeles, CA 90036

6 Beds

5 Baths

3,870 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,870 sqft

Price per Sqft $463

MLS Listing ID 26871485

Bedrooms 6

Year Built 1938

Lot Size 6,501 Sqft

Acres 0.1492

Property Sub-Type Multi-Family

Property Description

422 N Sierra Bonita Ave is a charming five-unit apartment building located in the highly desirable Fairfax District. There is a tremendous opportunity for accessory dwelling units (ADUs). Built in 1938, the property features four 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit that will be delivered vacant, totaling 3,870 square feet on a 6,500-square-foot LARD1.5 lot. Situated on a quiet street, it offers residents the perfect blend of historic character and central city convenience, just minutes from iconic destinations like The Grove, the Farmers Market, LACMA, and the popular retail and dining options along Melrose and La Brea Avenues. Residents benefit from easy access to Beverly Hills and West Hollywood, along with separately metered utilities, covered three-car garage parking, and additional rear parking. With its walkable location and timeless architectural appeal, this property presents a compelling value-add or owner-user opportunity. Once the vacant unit is leased, the property will be generating approximately $12,085 in monthly income operating at a 5.3% cap rate with upside of approximately 7%, not including the tremendous upside of accessory dwelling units.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Garage Is Detached, Driveway

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Realty La Canada Flintridge

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422 N Sierra Bonita Ave

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Name

Name

Phone*

Phone

Message

Message
Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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