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1701 S Bonnie Brae St - 1701 S Bonnie Brae St | Pico-Union Value-Add 7 Unit Apartment Building Offered at $1,625,000 at a 6.51% Cap Rate Los Angeles, CA 90006
Investment 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
- 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 8.25 GRM and 8.87% 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
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (76)
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1701 S Bonnie Brae St - 1701 S Bonnie Brae St | Pico-Union Value-Add
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