1701 S Bonnie Brae St - Multi-Family FOR SALE


Los Angeles, CA 90006- Pico-Union
$1,625,000 USD
310-259-7556
1701 S Bonnie Brae St, Los Angeles, CA for Sale
$1,625,000 USD
Multi-Family - FOR SALE
1/14
null | 6.51% Cap Rate

1701 S Bonnie Brae St
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • Immediate Income & Stable Occupancy – Property operates at 10.64 GRM and 6.51% Cap Rate with 100% occupancy, delivering turnkey cash flow from day one
  • Substantial Value-Add Potential – Approximate 29% rental upside provides clear path to stabilization at 8.25 GRM and 8.87% Cap rate upon lease renewal
  • Renovated Interiors – Modern upgrades throughout including luxury vinyl plank flooring, updated kitchens, remodeled bathrooms, ceiling fans, fresh pai
  • Desirable Unit Mix – (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, (2) 2-Bed/2-Bath units with pet-friendly appeal, air conditioning, included refrigerators

OVERVIEW

Positioned in the vibrant Pico-Union/Westlake corridor with easy access to Downtown LA, USC, and Koreatown, 1701 S Bonnie Brae St presents a rare 7-unit multifamily value-add opportunity in the highly accessible 90006 neighborhood. This fully occupied, income-producing asset—built in 1902 and extensively renovated—features a strong mix of (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, and (2) 2-Bed/2-Bath units generating immediate cash flow at 10.64 GRM and 6.51% Cap rate.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

7

PRICE/UNIT

$232,143

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1701 S Bonnie Brae St | Pico-Union Value-Add

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,380 SF

ZONING

LARD1.5

APN/PARCEL ID

5135-010-008

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.