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722 S Bonnie Brae St
Los Angeles, CA 90057
30 Units Near DTLA Delivered 40% Vacant · Multifamily Property For Sale
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30 Units
Investment Highlights
- IMMEDIATE VALUE-ADD OPPORTUNITY: Current Ownership has Vacated 12 out of 30 Units, Providing an Immediate Opportunity to Achieve Market Rental Rates
- FREE & CLEAR: The Property is Being Offered Free and Clear of Debt Enabling Investors to take Advantage of Historically Low Interest Rates
- INFILL WESTLAKE LOCATION: 92 Walk Score, “Walker’s Paradise”
- POISED FOR FUTURE GROWTH: Located in the Path of Future Growth Between Downtown Los Angeles and Koreatown
- TRANSIT ORIENTED LOCATION Residents benefit from being 0.2 miles away from the Westlake/MacArthur Park Purple Line Metro Station
- DOWNTOWN IS RE-OPENING FOR BUSINESS: The diverse mix of companies that have reshaped Downtown over the last few years have begun to re-open
Property Facts
| No. Units | 30 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 16,230 SF |
| Property Subtype | Apartment | Average Occupancy | 40% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1911 |
| Zoning | R4-2 | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 16,230 SF |
| Average Occupancy | 40% |
| No. Stories | 3 |
| Year Built | 1911 |
| Zoning | R4-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 26 | - | 400 |
| 1+1 | 4 | - | 600 |
Property Taxes
| Parcel Number | 5142-006-003 | Improvements Assessment | $1,623,648 |
| Land Assessment | $3,106,579 | Total Assessment | $4,730,227 |
Property Taxes
Parcel Number
5142-006-003
Land Assessment
$3,106,579
Improvements Assessment
$1,623,648
Total Assessment
$4,730,227
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