$900,000
$1,095,000
17.8%For more information regarding the value of a property, please contact us for a free consultation.
1717 S Bonnie Brae ST Los Angeles, CA 90006
6,381 Sqft Lot
Key Details
Sold Price $900,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22176512
Sold Date 10/12/22
HOA Y/N No
Year Built 1961
Lot Size 6,381 Sqft
Property Sub-Type Apartment
Property Description
Excellent 6 unit (6-1+1's) investment opportunity with huge rental upside! The property was built in the '60's and consists of two buildings, one 4-unit building in the front and a 2-unit building in the rear. The property offers convenient alley access, ample surface parking for tenants and guests, and is gated on both sides. Rents are heavily below market (70%+) due to a long-term owner. Opportunity to capture the rental upside and add value. Tenants are currently using back structure for storage at no cost. New owner has the potential to charge tenants for storage income. Great central location with easy freeway access and within minutes from USC, LA Live, the Convention Center, Crypto arena and Koreatown.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5135010011
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Robert Estrada Prospect Group Inc.
