1110 S Sierra Bonita Avenue, Los Angeles, CA 90019
Commercial property · 2 recorded sales since 2022
Sold March 2022
Listing Agent: Oron Maher (DRE #01299093) · Listing Office: Maher Commercial Realty · Contact: 310-464-1453 · Bought with: Oron Maher · Maher Commercial Realty · MLS #22133945 · Source: CRMLS
About this commercial property
Only $361 per foot, $266K/door, with a true 803% pro forma cap rate-this is the BEST value add deal in this market. 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.
Listing description from the March 2022 sale, as reported to CRMLS.
Sale history
