SOLD! | New TIC Community | 443-447 N Sierra Bonita Ave | Fairfax District | $499,000-$699,000

SOLD! | New TIC Community | 443-447 N Sierra Bonita Ave | Fairfax District | $499,000-$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


447 1/2 N SIERRA BONITA AVE


UNIT DETAILS

443 N SIERRA BONITA / $699,000 / 1060 SQ FT / 2 BED/1 BATH / TOP FLOOR END UNIT / SOLD

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

447 1/2 N SIERRA BONITA / $700,000 / 1086 SQ FT / 2 BED/1BATH / PRIVATE PATIO / GARAGE / SOLD

FEATURES

  • Intimate 6-unit HOA
  • Building recently renovated
  • 1940’s architectural details
  • Spacious units
  • Trey Ceilings
  • Cove Ceilings
  • Wainscoting in dining rooms
  • Vintage 3-panel doors
  • Original hardwood floors
  • Decorative fireplace
  • Remodeled kitchens and baths
  • Central AC & heat
  • New appliances
  • Stove and fridge included
  • New washer and dryer in-unit
  • Designer light fixtures
  • Formal dining room
  • Original built-ins
  • Tankless water heater
  • Range hood
  • Garbage disposals
  • Lots of storage
  • Soaking tub and separate shower
  • Incredible Fairfax/Melrose location
  • 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):


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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