FOR SALE! New TIC Community | 443 + 445 N Sierra Bonita Ave| Fairfax District | $449,000-$699,000

FOR SALE! New TIC Community | 443 + 445 N Sierra Bonita Ave| Fairfax District | $449,000-$699,000

A beautiful 6-unit French Revival TIC community in the heart of the Fairfax district. Romantic and bold units featuring trey ceilings, wainscotted full dining rooms, built-in bookshelves, vintage 3-panel doors, original hardwood floors, rounded walls, inset nook details, ornate period arches, faux fireplaces, and large bay windows in the living room. These sun-drenched units have been updated with character-filled designed kitchens featuring new appliances, open shelving, new tile floors, and butcher block countertops. The bedrooms are roomy with ample closets. The bright white style baths have been remodeled with classic fixtures and feature deep soaking tubs and stand-alone showers. Fantastic location in the middle of historic Fairfax district, near Beverly Village, two blocks from the Grove, Farmer’s Market, Pan Pacific Park and so much more! In-unit laundry, 1 car garage per unit, and low HOAs.


443 N SIERRA BONITA AVE


445 N SIERRA BONITA AVE


UNIT DETAILS

443 N SIERRA BONITA AVE / $649,000 / 1060 SQ FT / 2 BED/1 BATH / TOP FLOOR END UNIT

445 N SIERRA BONITA AVE / $449,000 / 782 SQ FT / 1 BED/1 BATH

*Two units for sale now, the other four units will be available for sale in 2021

FEATURES

  • Intimate 6-unit HOA
  • Building recently renovated
  • 1940’s architectural details
  • Spacious units
  • Trey Ceilings
  • Cove Ceilings (unit 445)
  • Wainscoting in dining rooms
  • Vintage 3-panel doors
  • Original hardwood floors
  • Decorative fireplace
  • Remodeled kitchens and baths
  • New ductless AC & heat (unit 445)
  • Central AC & heat (unit 443)
  • New appliances
  • Stove and fridge included
  • New washer and dryer in-unit
  • Designer light fixtures
  • Formal dining room
  • Original built-ins
  • New tankless water heater (unit 443)
  • New stove vents
  • New garbage disposals
  • Lots of storage
  • Deep tub and separate shower
  • Incredible Fairfax/Melrose location
  • Unit 445 has a new sub-panel
  • New roof 2020
  • Sewer lined repaired 2020
  • Foundation serviced and repaired 2020
  • Termite clearance to be completed prior to first COE
  • Low HOA’s
  • 1-car garage per unit

443-447 Sierra Bonita HOA, a Tenants in Common (TIC) Community:

  • Intimate 6-Unit HOA
  • Minimum 10% down
  • HOA covers insurance, water, finance management and reserves
  • Each owner pays for their unit gas and electric (each unit is individually metered for gas and electric)
  • The insurance covers the entire property
  • Pets are allowed
  • Rental restrictions apply, please inquire
  • No permission needed to sell your unit
  • With TIC you have similar usage and renovation rights as a condo owner
  • We do not need to close multiple units concurrently
  • We can close one unit at a time

TIC sale with financing available – with as little as 10% down thru Sterling Bank. Please contact listing agent to be connected with a loan officer who is familiar with TIC loans.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field Guide HERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.
Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

The Rental Girl (therentalgirl.com) is a full-service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live in. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry-level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge and support our real estate colleagues, landlords and renters and the TIC community.

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