716 N Sierra Bonita Avenue, Los Angeles, CA 90046

• 3 beds |
• 2 baths |
• 1,429 sqft

Property Description

Rare and versatile opportunity can be used "as is" with a main and guest house or redeveloped as a multi unit residential property in one of the most sought-after Melrose-area neighborhoods. This charming 1920s property features a beautifully updated front residence plus a detached guesthouse, offering exceptional flexibility for both owner-users and investors. Whether used as a primary residence with supplemental income, a private office or studio, space for extended family, guest accommodations, or a full income-producing property, this unique offering adapts to a variety of needs. The front home offers 3 bedrooms and 2 bathrooms, highlighted by a brand-new kitchen with all-new appliances, fresh interior paint, beautiful wood-style flooring, a bright living room, dining area, inside laundry, and a private front yard. The detached guesthouse includes its own inviting living space, a modern kitchen with stainless steel appliances and granite countertops, a private patio, and flexible sleeping arrangements—ideal for guests, rental income, or creative workspace. Currently, the front residence is rented for $4,000 per month and the back guesthouse is rented for $2,700 per month, for a combined monthly income of $6,700. Both units are currently leased on a month-to-month basis, offering added flexibility for future use. Located moments from Melrose Avenue’s renowned dining, shopping, and entertainment, this is a rare opportunity to own a property that truly does it all. Additional upside: This R1-1 zoned property may offer several development opportunities. Potential options may include up to four units under SB 9, additional multi-unit possibilities under SB 684, and reduced or no parking requirements under AB 2097, subject to city approval and buyer verification.

Listing Status:

Active

Date Added:

April 20, 2026

Data Last Updated:

July 28, 2026 at 7:16PM

Listing Office:

PARAGON REAL ESTATE : 949-803-9089

Listing Agent:

CLAUDINE SABBAGH : 323-252-7900

MLS ID:

WS26083143

Interior

• General: All Bedrooms Down
• Laundry: Gas Dryer HookupInside
• A/C: Central Air
• Fireplace: None

Exterior

• Pool: None
• Parking: Parking spaces: 1

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• School District: Los Angeles Unified
• County: Los Angeles

Lot

• Zoning: LAR15526012023
• View: None

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM