422 N. Sierra Bonita Ave

5 Unit Multifamily Offering

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Property

The Asset

Units

Year Built

Gross SF

Lot SF

APN

Summary

5

1938

3,870

6,500

5526-031-019

 

SNAPSHOT

Heart of 

Fairfax

Rental

Upside

Walk to 

The Grove

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Nestled between West Hollywood and La Brea, Fairfax is best known for the renowned Farmer's Market, its major shopping destination (The Grove), and the iconic CBS Television City broadcasting center.  To walk along the famous Melrose Avenue is to fully embrace the Los Angeles culture filled with eclectic eateries, upscale boutiques, and chic hotels.  The area gets its name from Fairfax Avenue, the epicenter of the neighborhood's fashion and food scene that also bleeds into Melrose’s buzzing traffic. Its substantial distance from major freeways and prime positioning between West Hollywood and Beverly Grove also makes it a commonly explored part of town.

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Overview

Property Overview

We are pleased to present 422 North Sierra Bonita Avenue, a one-of-a-kind 5-unit property located in the heart of the Fairfax District (90036). The offering provides investors a rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA’s most dynamic and stable rental markets.

The Asset

422 North Sierra Bonita Avenue was built in 1938 and is a two-story 3,870 square foot property featuring 5 units consisting of Four (4) 1 Bedroom / 1 Bathroom units and One (1) 2 Bedroom / 1 Bathroom. The apartment units are large in size averaging +/- 774 square feet and the property sits on a +/- 6,500 square foot parcel, zoned LARD1.5. Covered garage parking is provided for 3 vehicles with additional outdoor parking in the building rear. Gas and electrical utilities are separately metered.

 

Location

The property is ideally located on a quiet street in the heart of the Fairfax District and offers immediate access to the neighboring communities of Beverly Hills, Hancock Park, and West Hollywood. The proximity to world class neighboring venues makes this an ideal investment for apartment operators and/or owner occupiers seeking a stable investment opportunity along with long term wealth preservation and appreciation. Walking distance to The Grove and Farmer’s Market, La Brea Avenue and Melrose Avenue, all considered some LA’s most popular destinations for numerous retail and restaurant venues.

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RICH JOHNS

KW Commercial - Multifamily Advisor

818.432.1575

Richjohns@kw.com

CalBRE Lic#01432215

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Archie Robb

KW Commercial - Multifamily Advisor

213.239.3392

Archierobb@kw.com

CalBRE Lic# 02002291

 
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