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408 N Sierra Bonita Ave, Los Angeles, CA 90036
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408 N Sierra Bonita Ave Los Angeles, CA 90036

$1,825,000 Sold Price as of 09/26/2022
  • 6 Beds
  • 5 Baths
  • 3,870 Sq.Ft.
Sold
$1,825,000 Sold Price as of 09/26/2022 Refinance Your Mortgage
Map preview of 408 N Sierra Bonita Ave, Los Angeles, CA 90036

Property Overview: 408 N Sierra Bonita Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,870 living square feet and 6,515 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime Melrose / Fairfax District location, walking distance to The Grove, Original Farmers Market, Melrose, Pan Pacific Park, Fairfax & 3rd Street shopping districts. Large units with upside potential for an investor to turn units an increase rents to market.

Listed by Jacob Plewa | BRE #02041641 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 10 minutes ago | Last updated: October 4th, 2022 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,515
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22174477
City
Los Angeles
County
Los Angeles
Time on Site
728 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $6,763
  • Pro Forma/Market Rent: $6,763
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.4%
  • Gross Rent Multiplier: 17.3
  • Gross Scheduled Income: --
  • Net Operating Income: $64,341
  • Gross Operating Income: $106,075
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 408 N Sierra Bonita Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 5
  • Parcel Number: 5526031016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Property is located North of Beverly Blvd & South of Melrose in between Gardner & Curson.
View more facts & features

Local Los Angeles Agent

Sale History for 408 N Sierra Bonita Ave

Last sold for $1,825,000 on September 26th, 2022

  • September, 2022

  • Sep 26, 2022

    Date

    Sold

    CRMLS: 22174477

    $1,825,000

    Price

  • Jul 1, 2022

    Date

    Active

    CRMLS: 22174477

    $2,200,000

    Price

  • November, 2003

  • Nov 4, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 408 N Sierra Bonita Ave

Assessed Value (2020): $167,894
Year Land Value Improved Value Assessed Value
2020 $100,111 $67,783 $167,894

Home Value Compared to the Market

This property vs the competition

408 N Sierra Bonita Ave sold on September 26, 2022 for 68.14% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $490.96 per/sqft which puts the price per square foot 34.89% lower than the current median sale per square foot for the city of Los Angeles.

About 408 N Sierra Bonita Ave

Detailed summary of property

408 N Sierra Bonita Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,870 living square feet, and sits on an approximately 6,515 square foot lot. 408 N Sierra Bonita Ave was first listed on ArdentRealEstateGroup.com on July 1, 2022. The homeowner sold the property for $1,825,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 68.14% higher than the current median priced home. Local homes that are currently for sale include 1089 S Orange Dr, 1096 S Sycamore Ave and 6669 De Longpre Ave. While the average home in Los Angeles, CA is selling in 99 days, 408 N Sierra Bonita Ave has a days on market of 62 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 408 N Sierra Bonita Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 408 N Sierra Bonita Ave

Public county record property details
Beds
6
Baths
5
Year built
1938
Sq. Ft.
3,870
Lot Size
6,515
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
256
APN
5526-031-016

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,490,000
Median Sold Price/Sq.Ft.
$878
Total Inventory
42
Median Sale to List Price %
99.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (26.32%), Other (21.05%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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