This updated 7-unit multifamily at 1701 S Bonnie Brae St offers a strong mix of (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, and (2) 2-Bed/2-Bath units delivered fully occupied and generating immediate income at 10.64 GRM and 6.51% Cap rate, with renovated interiors across a prime urban lot. Ideal for both owner-users and… Read More investors seeking cash flow and scalable value-add in vibrant Pico-Union.
Renovated units feature modern upgrades, including luxury vinyl plank flooring, updated kitchens, remodeled bathrooms, ceiling fans, fresh paint, and living room fireplaces. The property offers pet-friendly appeal, air conditioning, included refrigerators, and optional assigned parking. Excellent value-add potential through 29% rental upside to stabilize at 8.25 GRM and 8.87% Cap rate, with opportunities to optimize rents amid strong LA multifamily demand and low vacancy trends. Current Management is offering to continue a 3% Fee for NEW Owners!!
Situated in the Pico-Union/Westlake location with easy access to I-10/110 Freeways, Downtown LA, USC, Koreatown, and employment hubs like Sony, Apple, HBO, Google, and Meta, this property blends turnkey income with future appreciation in one of Los Angeles’s most accessible rental markets. 1701 S Bonnie Brae St delivers immediate yields and long-term hold potential. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1902
MLS Number
SB26024312
Additional Details
Building
Built in 1902, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Park, Suburban
Expenses
Insurance: $6,296, Operating: $42,377
Garage
10 spaces
Income
Gross Income: $148,105, Gross ScheduledIncome: $152,685, Net Operating Income: $105,728
Laundry
None
Lot
0.1465 acres, ZeroToOneUnitAcre
Parking
10 total parking spaces, Assigned, OnSite, Private, Uncovered
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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