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$ 2,050,000
Est. payment /mo
New
321 N Sierra Bonita AVE Los Angeles, CA 90036
8 Beds
4 Baths
5,218 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,218 sqft
Price per Sqft $392
MLS Listing ID 25628273
Bedrooms 8
HOA Y/N No
Year Built 1928
Property Description
321 N Sierra Bonita Ave, a charming four-unit apartment building located in the highly desirable Fairfax District of Los Angeles. Built in 1941, the property features (4) two-bedroom + one-bathroom units, totaling 5,218 square feet on a6,499-square-foot lot.Situated in the heart of the vibrant Fairfax District, 321 N Sierra Bonita Ave offers residents the perfect blend of historic character and central city convenience. The neighborhood is celebrated for its tree-lined streets, classic architecture, and culturally rich, energetic atmosphere, all just minutes from some of Los Angeles' most iconic destinations.Residents benefit from easy access to Beverly Hills, Miracle Mile, and Mid-City, along with the shops, restaurants, and cultural institutions that define the Fairfax District. With its walkable location, strong connectivity, and timeless architectural appeal, the property stands out as a highly desirable rental opportunity in one of Los Angeles' most dynamic neighborhoods.321 N Sierra Bonita Ave also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 4.48%, with the potential to reach a 5.31% CAP rate upon unit turnover.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 4
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5526041010
Special Listing Condition Standard
Listed by Michael Kamara Lyon Stahl Investment Real Estate, Inc.