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

$1,815,000 Sold Price as of 09/17/2021
  • 6 Beds
  • 5 Baths
  • 3,870 Sq.Ft.
Sold
$1,815,000 Sold Price as of 09/17/2021 Refinance Your Mortgage
Map preview of 418 N Sierra Bonita Ave, Los Angeles, CA 90036

Property Overview: 418 N Sierra Bonita Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,870 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present 418 N Sierra Bonita Avenue, a 5-unit apartment building located in the charming Fairfax District, one of the most walkable and highly desired neighborhoods in Los Angeles. Built in 1938, the two-story, 3870-sqft property is situated on a 6,499-sqft lot zoned LARD1.5. The building boasts (4) 1+1 units and (1) 2+1 unit. The units of 418 N Sierra Bonita offer its residents bright and large spaces, and the three downstairs units have been newly updated. Every unit has its own separate entrance, and additionally gas and electric are separately metered and paid by tenants. The charming property provides covered parking in the back and includes an enclosed yard, balcony, patio and washer/dryer across the various units. Located on a quiet, narrow residential block, 418 N Sierra Bonita is in the heart of the Fairfax District, more specifically in the Beverly Fairfax neighborhood, which was recently recognized by the National Register of Historic Places for its architecture and cultural history. The area borders Beverly Ave and Fairfax Ave,

Listed by Daniel Withers | BRE #01325901 | Matthews Real Estate Investment Services
Last checked: 2 minutes ago | Last updated: March 1st, 2024 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21757822
City
Los Angeles
County
Los Angeles
Time on Site
1089 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $7,700
  • Pro Forma/Market Rent: $8,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,625
  • Total Rent: $2,625
  • Pro Forma/Market Rent: $2,625
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.19
  • Gross Scheduled Income: --
  • Net Operating Income: $81,177
  • Gross Operating Income: $118,905
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 418 N Sierra Bonita Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage, Uncovered
Property Information
  • Total # of Units: 5
  • Parcel Number: 5526031018
Location / Neighborhood
Location Information
  • Directions: The property is on Sierra Bonita Avenue just north of Oakwood Avenue in the Beverly Fairfax Historic District.
View more facts & features

Local Los Angeles Agent

Sale History for 418 N Sierra Bonita Ave

Last sold for $1,815,000 on September 17th, 2021

  • February, 2024

  • Feb 29, 2024

    Date

    Canceled

    CRMLS: 24350935

    $3,975,000

    Price

  • Jan 23, 2024

    Date

    Active

    CRMLS: 24350935

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    7-UNIT FULLY VACANT PROPERTY. We are delighted to present a unique investment opportunity in the Fairfax District of Los Angeles. This fully vacant 7-unit apartment building, built in 1938, is perfectly positioned on a 6,499 sqft lot and encompasses approximately 4,570 sqft of living space. The property, zoned LARD1.5, comprises a mix of 1-bedroom and 2-bedroom units, each boasting its own individual entrance which enhances the privacy and convenience for potential tenants. The building has been meticulously maintained, blending historical charm with modern amenities. Recent renovations in several units add a contemporary touch to the classic appeal of the property. Each unit is individually metered for gas and electricity, ensuring ease of management and billing. The property also offers covered parking facilities at the rear and includes varied amenities such as an enclosed yard, balcony, patio, and in-unit washer/dryer facilities, adding to the appeal for prospective renters. Located in the Beverly Fairfax neighborhood, the building is part of the area recognized by the National Register of Historic Places, noted for its rich architectural and cultural history. The location is unparalleled, nestled on a quiet, narrow residential street with excellent walkability to local shops, eateries, and cultural hotspots. This investment opportunity is ideal for those seeking a property that combines the allure of a historic neighborhood with the practicality of modern living spaces. The full vacancy of the building presents a rare chance for immediate leasing or redevelopment, making it a highly flexible and attractive option in one of Los Angeles' most sought-after districts.

  • July, 2021

  • Jul 28, 2021

    Date

    Active Under Contract

    CRMLS: 21757822

    $1,900,000

    Price

  • Jul 7, 2021

    Date

    Active

    CRMLS: 21757822

    $1,900,000

    Price

  • October, 2019

  • Oct 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $510,000

    Price

  • August, 2008

  • Aug 6, 2008

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 418 N Sierra Bonita Ave

Assessed Value (2020): $1,212,057
Year Land Value Improved Value Assessed Value
2020 $889,759 $322,298 $1,212,057

Home Value Compared to the Market

This property vs the competition

418 N Sierra Bonita Ave sold on September 17, 2021 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 418 N Sierra Bonita Ave

Detailed summary of property

418 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 6,500 square foot lot. 418 N Sierra Bonita Ave was first listed on ArdentRealEstateGroup.com on July 7, 2021. The homeowner sold the property for $1,815,000. 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 1414 N Las Palmas Ave, 6669 De Longpre Ave and 1089 S Orange Dr. While the average home in Los Angeles, CA is selling in 99 days, 418 N Sierra Bonita Ave has a days on market of 39 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 418 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 418 N Sierra Bonita Ave

Public county record property details
Beds
6
Baths
5
Year built
1938
Sq. Ft.
3,870
Lot Size
6,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
258
APN
5526-031-018

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.
$963
Median Sold Price
$2,310,000
Median Sold Price/Sq.Ft.
$778
Total Inventory
40
Median Sale to List Price %
94.29%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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