1216 Bonnie Brae Street Los Angeles, CA 90006

Cluster Residence

12 Beds

12 Baths

5,589 Sq. Ft.

0.13 Acre Lot

Property Activity

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Last updated on 1/8/2025 8:00 PM

Listing Details

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 w...ith 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. Continue reading

MLS#

24462529

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1949

Square Feet

5,589 sq. ft

Lot Size