Exceptional investment opportunity in Westlake! Offered at $176.52 per sq. ft. and $139,800 per unit, this 5 unit multifamily property at 310 S. Bonnie Brae St. presents approximately 120% potential rental upside, making it an ideal opportunity for investors seeking significant value add potential.
The property offers 3,960 sq. ft. of… Read More living space on a 6,511 sq. ft. lot and consists of three structures, including a front building with four 1 bedroom, 1 bath units featuring large dens, which may offer the potential to convert into 2 bedroom units (buyer to verify). The fifth unit is located above three rear single car storage garages. An additional structure with three single car storage garages provides potential for ADU conversion (buyer to verify).
Recent capital improvements include copper plumbing, new flat roofs on all three structures, and updated electrical service lines with panels, breakers, and six meters. Each unit is separately equipped with its own sub panel, water heater, and wall furnace.
The property also offers assigned tenant parking, additional storage income, and ample tandem parking in front of the garages. It is centrally located near Downtown LA, Koreatown, major freeways, MacArthur Park, and Echo Park. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Ryan Versfelt 310-259-7556
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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