1216 S Bonnie Brae St
Los Angeles, CA 90006
12 Units Near DTLA: 5.05% Cap Rate w/ Parking · Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 5,589 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Zoning | R4-2, Los Angeles | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,589 SF |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | R4-2, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Gated
- Walk-Up
- Smoke Detector
About 1216 S BONNIE BRAE ST , LOS ANGELES, CA 90006
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 12-unit apartment community located at 1216 South Bonnie Brae Street. Positioned just North of Pico Boulevard, the property is situated in Pico-Union, which borders three thriving markets – Koreatown, Downtown, and University Park. The subject property offers investors significant rental upside to the remaining units. Consisting of one, two-story building, the property is situated on a 5,625 Square Foot parcel. The property features 12 one-bedroom units, with three units being delivered vacant. Bonnie Brae features on-site parking (five spaces), on-site laundry and secured access. Due to its 1949 construction, the property is subject to Los Angeles Rent Control statutes. An astute investor should be able to implement a thorough interior renovation program and take advantage of the upside in rental income.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 450 |
Property Taxes
| Parcel Number | 5137-027-002 | Improvements Assessment | $455,130 |
| Land Assessment | $1,763,634 | Total Assessment | $2,218,764 |
Property Taxes
