BROKERS OPEN - MAY 2nd from 10AM to 12PM! First time on the MLS in over 21 years! Highest in place Cap Rate in town and a beautiful building. 1707 S Bonnie Brae is a large 5-Unit apartment building comprised of (4) 3-Bed/1-Bath units and a detached house that… Read More operates as a 3-Bed/1-Bath. 6 on-site Parking Spaces. Current in place 7.01% cap rate and 9.64 GRM, with upside to a 8.45% CAP and 8.19 GRM. This asset is ideal for any investor to cash flow on this beautiful asset. Built in 1924, this unique property is a 4 unit apartment totaling 4,525 sq.ft, plus a large detached home of 1,829 sq.ft! Priced at only $240.64/Sq.Ft! All units have major appliances, hardwood floors, in-unit washer/dryers. This property has Sedona styled paving stones in Motor Courtyard and walkways. Drought tolerant landscaping with Palm Trees, Juniper Vines and White Rose Garden. This property exudes character and is always rented with students, families, and young professionals who love this place! 1707 Bonnie Brae is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
30
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1924
MLS Number
SB25079511
30 Days Snapshot Of 90006
$775k
+4%
(avg) sold price
1
-80%
home sold
108
+74%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 6,354, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Urban
Expenses
Operating expense: $46,674
Income
Gross income: $158,580, Net operating income: $107,149
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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