1216 S Bonnie Brae Street

Los Angeles, CA 90006

  • 12 Bed(s)
  • 0 Bath(s)
  • 5,589 Sqft
  • 5626
    Sqft(Lot)
$2,700,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47615844

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 12
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1949
    • Building Area Total: 5,589

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1292
    • Lot Size Dimensions: 50x113
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 5626

  • Listing Price Information

    • Original List Price: 2,700,000
    • Listing Contract Date: 2024-11-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5137027002

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C42 - Downtown L.A.
    • Directions: North of W Pico Blvd, just south of W 12th St
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C42 - Downtown L.A.

    Building and Construction

    • Property Age: 75
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5589
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 11/15/2024 @ 00:35

  • MLS: 24462529
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 5,589 sqft, 5,626 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90006, this Los Angeles County Home are nearby neighborhoods.