746 S Bonnie Brae St - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$1,500,000 USD
213-943-1897
746 S Bonnie Brae St, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/10
null | 5.38% Cap Rate

746 S Bonnie Brae St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • 42 Percent Remaining Rental Upside Through Interior Renovations
  • Proximity to DTLA, Public Transit, and Major Job Centers
  • Competitive Submarket for Multifamily Acquisitions, Especially for Investors Targeting Working-Class Renters.
  • Easy Access to Major Freeways (101, 110, 10) and Multiple Metro lines
  • Long Term Ownership - Property Has Been Owned for 20 Years, Offering a Rare Acquisition Opportunity
  • The Property is Being Offered at an Attractive Basis of $125,000 Per Unit

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 12-unit apartment community located at 746 South Bonnie Brae Street. The subject property is located south of Wilshire Boulevard and east of Alvarado Street. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Downtown Los Angeles. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 7,511 square foot parcel, the property is comprised of four studio units and eight one-bedroom units. The property has 42% remaining rental upside through unit renovations. 746 South Bonnie Brae Street offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 746 South Bonnie Brae Street an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-Units in Westlake | $125,000/Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5142-006-008

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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