Heart of West Hollywood Apartment Complex 1035 N Sierra Bonita Ave 9 Unit Apartment Building $4,338,527 CAD ($482,059 CAD/Unit) 5.13% Cap Rate West Hollywood, CA 90046

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Ideally located at 1035 North Sierra Bonita Avenue in the heart of West Hollywood, California. Nestled just south of Santa Monica Boulevard and east of North Fairfax Avenue, this asset is positioned in one of the city’s most vibrant and sought-after neighborhoods. Built in 1956, the property features an ideal unit mix of seven, one-bedroom/one-bathroom units and two, two-bedroom/two-bathroom units, with one unit delivered vacant at closing. Select residences have been thoughtfully renovated with modern upgrades including quartz countertops, mosaic tile backsplashes, stainless steel appliances, dishwashers, and recessed lighting. Common area improvements include full copper plumbing, custom handrails, curved walkways, and lush landscaping, enhancing the mid-century charm of this classic dingbat
building. The property also features four carport parking spaces with potential for conversion into multiple ADUs. Leveraging SB 1211, investors could add up to eight (8) additional ADUs, nearly doubling the existing unit count. Each unit is individually metered for gas and electricity, reducing operating expenses and providing further investment stability.