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.

Listing courtesy of Michael Kamara of Lyon Stahl Investment Real Estate, Inc.

Based on information from the The MLS as of 2026-04-02 02:47 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.