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Assumable 4% Financing | 14 Units Prime WeHo 1023-1027 N Sierra Bonita Ave 14 Unit Apartment Building $5,232,401 CAD ($373,743 CAD/Unit) 5.53% Cap Rate West Hollywood, CA 90046

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INVESTMENT HIGHLIGHTS

  • Phenomenal Below Market Assumable Financing with a 4.01% Assumable Loan in Place
  • Units are Separately Metered for Electricity and Gas.
  • Steps Away From Santa Monica Blvd: a Major Thoroughfare That Boasts Several Retailers and Artisan Stores.
  • 14 Unit Apartment Building in Prime WeHo: Excellent Unit Mix - (8) 1BR/1 BTHS, (4) 2BRS/2BTHS, and (2) 2BRS/1BTH. Two Units Have Private Patios
  • Ample Parking: 12 Dedicated Covered Parking Spaces, Including One Tandem Spot That Can Accommodate Two Cars.
  • Excellent Demographics and dense infill area with Average Household Income over $149,486 and Median Housing Value of $1,520,000 in a half mile radius.

EXECUTIVE SUMMARY

Contact Broker for OM
Oakmore Inc., on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in a classic vintage multi family building at 1023-1027 N Sierra Bonita Ave, West Hollywood, CA 90046 (the “Property”). The Property consists of 14 units totaling approximately ±12,018 SF on ±0.29 acre (±12,630 SF) parcels of land. The Property comprises 14 units: (8) 1 bedroom 1 bath units, (2) 2 bedroom and 1 bath units, and (4) 2 bedroom and 2 bath units. Two of the units have private and secluded patio front yard areas.
This is an excellent investment with immediate cash flow. Moreover, it is offered with attractive 4% assumable financing. This offering provides the rare opportunity to acquire a multi family leased investment in one of the most sought-after markets in the United States.
Nestled just steps away from the prime strip of the bustling Santa Monica Boulevard, the Property affords excellent proximity to iconic entertainment, dining, and retail establishments. Santa Monica Blvd is a major thoroughfare and boasts several national retailers and artisan stores, providing easy access to neighborhood amenities for the area’s residents. The Property boasts a walk score of 92/100, so most errands can be accomplished on foot.
Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Los Angeles location. Attractively offered at $3,799,000, 1023-1027 N Sierra Bonita Ave is more than just a property; it’s a generational investment opportunity in one of Los Angeles’ most desirable neighborhoods. This exclusive offering promises unparalleled potential and long-term appreciation. Don’t miss this exclusive opportunity.

PROPERTY FACTS

Price $5,232,401 CAD
Price Per Unit $373,743 CAD
Sale Type Investment
Cap Rate 5.53%
Gross Rent Multiplier 12.3
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.29 AC
Building Size 12,018 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Zoning R3 - Multiple Residential

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - 708
2+2 4 - -
2+1 2 - -
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5530-018-021
  • 5530-018-022
Land Assessment
$1,241,299 CAD
Improvements Assessment
$953,523 CAD
Total Assessment
$2,194,822 CAD
  • Listing ID: 37412058

  • Date on Market: 2025-08-25

  • Last Updated:

  • Address: 1023-1027 N Sierra Bonita Ave, West Hollywood, CA 90046

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