943 S Bonnie Beach Pl, Los Angeles, CA 90023
- $2,750,000
- 18
- BD
- 16
- BA
- 8,400
- SqFt
- List Price
- $2,750,000
- MLS#
- 26986177
- Year Built
- 1923
- Bedrooms
- 18
- Bathrooms
- 16
- Living Sq. Ft
- 8,400
- Lot Size
- 16,000
- Days on Market
- 27
- Property Type
- Multifamily
- Stories
- 2
Property Description
We are pleased to offer for sale 943 South Bonnie Beach Place, a 16-unit apartment community located in East Los Angeles, about five miles east of Downtown Los Angeles.Built in 1923, the property comprises 8,400 square feet of improvements across nine buildings on a 16,000-square-foot parcel. Its unit mix is 14 one-bedroom units and two two-bedroom units. The property delivers strong in-place yield at a 6.90% scheduled cap rate and an 8.83 gross rent multiplier. Approximately 15% rental upside remains, capturable through ordinary turnover.With a Walk Score of 78, most errands can be accomplished on foot. Whittier Boulevard, the main commercial corridor of East Los Angeles, runs just north of the property. The 5, 60 and 710 Freeways put Downtown Los Angeles and the industrial employment centers of Vernon and Commerce within commuting distance.943 South Bonnie Beach Place offers investors an opportunity to acquire an income-producing asset with remaining upside in East Los Angeles.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Uncovered
Mortgage Calculator
Courtesy of Marcus & Millichap, Sean Rosenzweig - CA DRE#01406343
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).