Edward, I am excited about the opportunity to work with you and get your property on Sierra Bonits sold. I am only 3 miles away from the property and can easily access it for showings or in the event of an emergency.

I have been licensed for over 20 years and have built quite a reputation for myself in Los Angeles and in Hollywood. I use the latest technology to market the properties I represent including 4K photography, 4K Video footage, and virtual 3D Tours. Below is a map indicating my proximity to the property and reviews on my service.

 👇I have included a comparable market analysis below👇

Here is a map of how close I am to the property.

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351 N. Sierra Bonita Los Angeles, CA 90036

Beds: 8 | Baths: 4 | Living Area: 5,588 sqft | Lot: Approx. 6,499 sqft

There have been very few to no 5+ unit apartment sales in the last year in the 90036 zip code. The last two sales in 90036 were A) 407 N. Sycamore which had a NOI of $180,449 and sold for $3,605,000 which is a cap rate of 5.00 and a GRM of 15.42 AND B) 537 N Orange Dr. which had a NOI of $195,216 and sold for $4,350,000 which is a cap rate of 4.49 and a GRM of 22. I then used West Hollywood comparables within a 1 mi radius and the cap rate was relatively the same with one sale dipping as low as 3.5 and others as high was 5.

Using an average cap rate of 4.75 and an average GRM of 18 we arrive at an average value of $2,490,000 BASED ON SALES FROM ONE YEAR AGO.
Comparable Market Analysis below 👇:

[pdf-embedder url=”http://www.talktopaul.com/wp-content/uploads/2018/11/351-N-Sierra-Bonita-Ave-Los-Angeles-CA-Comparables.pdf” title=”351 N Sierra Bonita Comparables”]