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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,218
Lot Size
0.15 Acres
Year Built
1928
MLS Number
25628273
30 Days Snapshot Of 90036
$2.37M
0%
(avg) sold price
4
-55%
homes sold
81
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
5,218 sq ft, Built in 1928, Levels: Two
Cooling
None
Disclosures
None
Garage
Driveway
Heating
None
Lot
LotAcreage: 0.1492, LotSizeArea: 6,501
Parking
TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LARD1.5
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