422 N Sierra Bonita Ave is a charming five-unit apartment building located in the highly desirable Fairfax District. There is a tremendous opportunity for accessory dwelling units (ADUs). Built in 1938, the property features four 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit that will be delivered vacant, totaling 3,870 square feet on a 6,500-square-foot LARD1.5 lot. Situated on a quiet street, it offers residents the perfect blend of historic character and central city convenience, just minutes from iconic destinations like The Grove, the Farmers Market, LACMA, and the popular retail and dining options along Melrose and La Brea Avenues. Residents benefit from easy access to Beverly Hills and West Hollywood, along with separately metered utilities, covered three-car garage parking, and additional rear parking. With its walkable location and timeless architectural appeal, this property presents a compelling value-add or owner-user opportunity. Once the vacant unit is leased, the property will be generating approximately $12,085 in monthly income operating at a 5.3% cap rate with upside of approximately 7%, not including the tremendous upside of accessory dwelling​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​​‌​‌​​​‌‌​ units.

Listing courtesy of Archie Robb of Keller Williams Realty La Canada Flintridge

Based on information from the The MLS as of 2026-09-10 11:33 AM 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.