716 N Sierra Bonita Avenue
Los Angeles, CA 90046
- Bedrooms
- 3
- Bathrooms
- 2
- Interior
- 1,429 sq ft
- Year Built
- 1930
About this residence
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.
Features & finishes
- AllBedroomsDown
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $1,295/sq ft
- Days on market
- 38 days
- Year built
- 1930
- HOA fee
- $0/mo
- View
- None
- Parking
- 1 space
- Furnished
- No
- Waterfront
- No
- MLS number
- WS26083143
Location & neighborhood
716 N Sierra Bonita Avenue, Los Angeles, CA 90046
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- Principal & interest$9,355
- Property taxes$2,806
- Insurance$771
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of PARAGON REAL ESTATE · MLS WS26083143. Information deemed reliable but not guaranteed; buyers should independently verify all details.
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