CA > Los Angeles
Los Angeles, CA 90006,1216 S Bonnie Brae ST
Los Angeles, CA 90006,1216 S Bonnie Brae ST
Los Angeles, CA 90006,1216 S Bonnie Brae ST
Los Angeles, CA 90006,1216 S Bonnie Brae ST
Los Angeles, CA 90006,1216 S Bonnie Brae ST
Los Angeles, CA 90006,1216 S Bonnie Brae ST
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Louis DiGonzini

Louis DiGonzini

+1(949) 922-8420
$ 2,700,000
Est. payment | /mo

12 Beds

12 Baths

5,589 SqFt

Save
$ 2,700,000
Est. payment | /mo
Save

12 Beds

12 Baths

5,589 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,589 sqft

Price per Sqft $483

MLS Listing ID 24462529

Bedrooms 12

HOA Y/N No

Year Built 1949

Lot Size 5,627 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating None

Cooling None

Fireplace No

Exterior

Garage None

Parking Type None

Total Parking Spaces 5

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5137027002

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

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1216 S Bonnie Brae ST