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$2,400,000
Est. payment /mo
11,145 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,145 sqft
Price per Sqft $215
MLS Listing ID CL25501605
HOA Y/N No
Year Built 1918
Lot Size 7,501 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. We are pleased to offer for sale an 18-unit apartment community located at 626 South Bonnie Brae Street. The subject property is situated in the middle of Westlake, which borders three thriving markets Koreatown, Downtown, and University Park. Consisting of one, three-story building on a 7,500 square foot parcel, the subject property features 12 singles and six one-bedroom units. Current ownership has renovated 6 of the 18 units featuring renovated bathrooms, new flooring throughout, new appliances, and new kitchen, bathroom cabinets. The property features eight on-site parking spaces. The remaining value-add potential for a new owner to continue renovating units and streamlining expenses to achieve superior future returns make 626 South Bonnie Brae Street an excellent acquisition opportunity.
Location
State CA
County Los Angeles
Zoning LAC1
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5142008019
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Listed by Sean Rosenzweig • Marcus & Millichap