1415 S Sierra Bonita Ave
Los Angeles, CA 90019

Bd   — Ba   4,334 Sqft
The subject property is a 6 unit multi-family investment located on the west side of the City of Los Angeles in the sub-market of Picfare Village. The building was built in 1931 in the popular "Hacienda" style architecture with fine, classic details. All units are 1+1 with front/back entrances, large French windows and doors, coved ceilings, ceramic tiled bathrooms and 6 single car garages. Laundry room onsite. The property is zoned R2 and is approximately 4,334, sq. ft. of building sitting on a 6,306 sq. ft. lot. The current owner has positioned this asset to allow for tremendous upside to the savvy investor by delivering 3 of the 6 units completely remodeled, two with added laundry facilities. Any vacant units will be projected at $2250 for each unit. The owner can set his/her market rate and proceed from Day 1 with a true cash flow operating investment in the highly valued WLA multi-family investment market.
  • Neighborhood: PICO
  • Days on Movoto: 9
  • Year Built: 1931
  • HOA: $0 HOA
  • $/Sqft: $415
  • Lot: 6,306 Sqft
  • Property Type: Multi Family
  • MLS#: 17233848
  • MLS:
  • Listing Office: Miller & Desatnik Realty Co.
  • Listed By: David Harris
  • Movoto last checked CRMLS for new data 11 hours ago
  • CRMLS last updated this listing 4 days ago

Home Features

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Property History

Status
Date
Price
Listed
May 19, 2017
$1,799,000
#17233848
Listed
May 27, 2016
$1,695,000
#16129426
1415 S Sierra Bonita Ave in 90019 is currently listed for 1,799,000. As of today, , this is 81% above the median price of $995,000 for the city of Los Angeles, CA and 57% above the median of $1,144,000 for ZIP code 90019. Right now, there are 42 properties for sale in 90019 and 2,015 properties listed for sale in Los Angeles. Those 2,015 properties are made up of 1,421 single family homes and 594 condos. The square footage of 1415 S Sierra Bonita Ave is approximately 4,334, which is 153% above the median size of 1,713 square feet in Los Angeles and 142% above the median size of 1,792 square feet in ZIP code 90019. This property's price per Sqft is $415, which is 18% below the $505 median in 90019 and 33% below the $616 Los Angeles median.
Built in 1931, this multi family house at 1415 S Sierra Bonita Ave is approximately 4,334 square feet and does not come with a parking spot. It is listed on 05/19/2017 with a cost per Sqft of $415. 1415 S Sierra Bonita Ave is located in the PICO neighborhood in the Los Angeles Unified School District. The closest school is Saturn Street Elementary School.

1415 S Sierra Bonita Ave has been on the market for 9 days. The median days on the market for properties in this area is 37 with a median list price of $995,000 and median cost per square foot of $616. It's currently listed as active under the MLS #17233848.

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