$ 1,750,000
-
$1,750,000
Price -
3
Bed -
2
Bath -
1,429
SqFt -
0.12
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 7787 - W71810
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 arrangements—ideal 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 Avenue’s 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 include up to four units under SB 9, additional multi-unit possibilities under SB 684, and reduced or no parking requirements under AB 2097, subject to city approval and buyer verification.
Listing Highlights for 716 N Sierra Bonita Ave
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other: All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: Yard,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: LAR1
- Roof:
- Others: 2+ Total Units,Has ADU
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5526012023
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
716 N Sierra Bonita Ave Los Angeles, CA 90046
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
