422 N Sierra Bonita Avenue,Los Angeles, CA 90036
Los Angeles, CA 90036
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.
Details
| MLS # | 26871485 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1938 |
| Days On Site | 47 |
| Listing Provided By | Keller Williams Realty La Canada Flintridge | Archie Robb |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,870 |
| Garage | 3 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.15 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90036) | |
Price: $1,795,000 low | high Med: $950,000 sqft: 3,870 low | high Med: 1,858 $ / sqft: $464 low | high Med: $511 On site: 47 low | high Med: 68 | |
Market Activity 90036
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90036 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90036) | |
Price: $1,795,000 low | high Med: $950,000 sqft: 3,870 low | high Med: 1,858 $ / sqft: $464 low | high Med: $511 On site: 47 low | high Med: 68 | |
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