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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 a6,499-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 Type(s):
Residential Income
| Last Updated | 2/18/2026 | Year Built | 1928 |
|---|---|---|---|
| Community | C19 - Beverly Center-Miracle Mile | County | Los Angeles |
Price History
| Prior to Feb 18, '26 | $2,050,000 |
|---|---|
| Feb 18, '26 - Today | $1,995,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | C19 - Beverly Center-Miracle Mile |
| HEAT | None |
| LOT | 6499 sq ft |
| LOT DIMENSIONS | 6501 |
| PARKING | Driveway |
| STORIES | 2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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