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321 N Sierra Bonita Ave 4 Unit Apartment Building Offered at $2,050,000 at a 4.48% Cap Rate Los Angeles, CA 90036
EXECUTIVE SUMMARY
Michael Kamara of Lyon Stahl is pleased to present 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 a
6,499-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.
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 a
6,499-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.
PROPERTY FACTS
| Price | $2,050,000 | Property Type | Multifamily |
| Price Per Unit | $512,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,218 SF |
| Cap Rate | 4.48% | No. Stories | 2 |
| Gross Rent Multiplier | 14.09 | Year Built | 1941 |
| No. Units | 4 | ||
| Zoning | LARD1.5 | ||
| Price | $2,050,000 |
| Price Per Unit | $512,500 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Gross Rent Multiplier | 14.09 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 5,218 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Zoning | LARD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 5526-041-010 | Improvements Assessment | $317,609 |
| Land Assessment | $738,643 | Total Assessment | $1,056,252 |
PROPERTY TAXES
Parcel Number
5526-041-010
Land Assessment
$738,643
Improvements Assessment
$317,609
Total Assessment
$1,056,252
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321 N Sierra Bonita Ave
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