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1701 S Bonnie Brae St
Los Angeles, CA 90006
1701 S Bonnie Brae St | Pico-Union Value-Add · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Immediate Income & Stable Occupancy – Property operates at 10.38 GRM and 6.7% Cap Rate with 100% occupancy, delivering turnkey cash flow from day one
- Renovated Interiors – Modern upgrades throughout including luxury vinyl plank flooring, updated kitchens, remodeled bathrooms, ceiling fans, fresh pai
- Substantial Value-Add Potential – Approximate 29% rental upside provides clear path to stabilization at 8.04 GRM and 9.12% Cap rate upon lease renewal
- 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
Property Facts
| No. Units | 7 | Building Size | 5,037 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1902 |
| Lot Size | 0.15 AC | Parking Ratio | 1.79/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,037 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1902 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,561 | 612 - 650 |
| 2+2 | 2 | $2,545 | 1,000 - 1,100 |
| 1+1 | 3 | $1,243 | 350 - 875 |
Property Taxes
| Parcel Number | 5135-010-008 | Improvements Assessment | $225,344 |
| Land Assessment | $554,138 | Total Assessment | $779,482 |
Property Taxes
Parcel Number
5135-010-008
Land Assessment
$554,138
Improvements Assessment
$225,344
Total Assessment
$779,482
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