1216 S Bonnie Brae Street, Los Angeles, CA 90006
-
Listed Price :
$2,700,000
-
Beds :
12
-
Baths :
12
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Property Size :
5,589 sqft
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Year Built :
1949
Property Description
We are pleased to present 1216 S Bonnie Brae St, a12-unit multi-family investment opportunity on the edge of the Westlake, Pico-Union, and Koreatown neighborhoods of Los Angeles located just east of S Alvarado St between W 12th St & W Pico Blvd. The property features a unit mix of all one-bedrooms with five parking spaces; two units will be delivered vacant at the close of escrow. At the asking price, the property is being offered at a 7.22% CAP rate and 8.85 GRM on current income with an additional 14% in rental upside through interior renovations as units turnover. The property's location is highly desirable with a Walk Score of 93, indicative of the area's accessibility to various modes of public transportation, including Metro rail and bus lines. The neighborhood provides convenient access to local attractions such as MacArthur Park, Echo Park, Crypto.com Arena, and the Los Angeles Convention Center, making it an attractive option for urban living. Investors looking for a property with stable returns and potential for capital growth will find 1216 S Bonnie Brae St to be an outstanding opportunity. Its combination of location, quality, and upside potential makes it a compelling choice for those seeking to invest in the Los Angeles real estate market.
Interior Features
| Bedroom Information |
| Bedrooms |
12 |
| Bathroom Information |
| Bathrooms |
12 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1216 S Bonnie Brae Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90006 |
| County |
Los Angeles |
| Listing Agent |
Neema Ahadian DRE #01346750 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$2,700,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,589 |
| Lot Size |
5,626 |
| Year Built |
1949 |
Listing information courtesy of: Neema Ahadian, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 14th, 2024 at 2:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
