REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
8 Beds
12 Baths
8,506 SqFt
$ 1,500,000
Est. payment | /mo
8 Beds
12 Baths
8,506 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,506 sqft
Price per Sqft $176
MLS Listing ID 25612223
Bedrooms 8
HOA Y/N No
Year Built 1906
Lot Size 7,509 Sqft
Property Description
As the exclusive listing agent, I'm pleased to offer for sale a 12-unit apartment community located at 746 South Bonnie Brae Street. The subject property is located south of Wilshire Boulevard and east of Alvarado Street. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Downtown Los Angeles. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 7,511 square foot parcel, the property is comprised of four studio units and eight one-bedroom units. The property has 42% remaining rental upside through unit renovations. 746 South Bonnie Brae Street offers investors an opportunity to acquire an asset in a sought-after in-fill submarket in Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 746 South Bonnie Brae Street an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features Uncovered
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5142006008
Special Listing Condition Standard
Listed by Sean Rosenzweig Marcus & Millichap
GET MORE INFORMATION
Valerie Castle
Managing Broker, JD | Lic# DRE# 01065018/02178736