Description

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Property Overview

Six unit multi-family building located in prime Mid-Wilshire of Los Angeles. The subject site is a major value-add site with approximately 110% upside in rent. Pro Forma cap rate is 8.3%! The unit mix consists of six 1bed / 1 bath and a large detached four car garage (currently not used as parking by any tenants) that can be converted into a one or two bedroom ADU. The units are large at approximately 760 square feet each. Only half a mile from retail and restaurants along S. Fairfax Avenue and one mile from the Mid-Town Shopping Center. Great location close to retail on both La Cienega Blvd. and La Brea Ave. Just 1.1 miles from the Los Angeles County Museum of Art.

Only half a mile from retail and restaurants along S. Fairfax Avenue and one mile from the Mid-Town Shopping Center. Great location close to retail on both La Cienega Blvd. and La Brea Ave. Just 1.1 miles from the Los Angeles County Museum of Art.

Property Features

Price:  $1,795,000

CAP Rate:  3%

Pro-Forma Cap Rate: 8.3%

GRM:  19.8

NOI:  $54,610

Lot Size:  5,208 SF

Building Size:  4,420 SF

Price Per Sq. Ft.:  $406

Total Units:  6

Price Per Unit:  $299,167

Total Bedrooms:  6

Total Bathrooms:  6

Unit Type:  1 Bed, 1 Bath

Parking:  4 Car Garage (currently not used as parking by any tenants)

Zoning:  LAR3


6
Bedrooms

Property ID

1110 S. Sierra Bonita Avenue, Los Angeles, CA 90019

Property Type

Multifamily

Status

For Sale

Price

$1,795,000.00

Additional Features

N

los angeles multifamily for sale

N

maher commercial realty

N

multi-family income property

N

multifamily for sale


Agent

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • OM@MaherCR.com
  • MaherCR.com

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