REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,750,000
Est. payment /mo
Price Dropped by $100K
716 N Sierra Bonita Avenue Los Angeles, CA 90046
3 Beds
2 Baths
1,429 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,429 sqft
Price per Sqft $1,224
MLS Listing ID WS26083143
Bedrooms 3
Full Baths 2
Year Built 1930
Lot Size 5,188 Sqft
Property Sub-Type Townhome
Property Description
Rare and versatile opportunity can be used "as is" with a main and guest house or redeveloped as a multi unit residential property in one of the most sought-after Melrose-area neighborhoods. This charming 1920s property features a beautifully updated front residence plus a detached guesthouse, offering exceptional flexibility for both owner-users and investors. Whether used as a primary residence with supplemental income, a private office or studio, space for extended family, guest accommodations, or a full income-producing property, this unique offering adapts to a variety of needs. The front home offers 3 bedrooms and 2 bathrooms, highlighted by a brand-new kitchen with all-new appliances, fresh interior paint, beautiful wood-style flooring, a bright living room, dining area, inside laundry, and a private front yard. The detached guesthouse includes its own inviting living space, a modern kitchen with stainless steel appliances and granite countertops, a private patio, and flexible sleeping arrangementsideal for guests, rental income, or creative workspace. Currently, the front residence is rented for $4,000 per month and the back guesthouse is rented for $2,700 per month, for a combined monthly income of $6,700. Both units are currently leased on a month-to-month basis, offering added flexibility for future use. Located moments from Melrose Avenues renowned dining, shopping, and entertainment, this is a rare opportunity to own a property that truly does it all. Additional upside: This R1-1 zoned property may offer several development opportunities. Potential options may
Location
State CA
County Los Angeles
Zoning LAR1
Direction From Melrose turn North on Sierra Bonita
Interior
Cooling Central Forced Air
Fireplace No
Laundry Gas
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 1
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 5526012023
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
Listed by CLAUDINE SABBAGH, DRE#01313471 PARAGON REAL ESTATE