Property Listing No Longer Available for Sale

844 S. Bonnie Brae Street, Los Angeles, CA

Multi-family for Sale - $4,795,000 - 14,478 Sq. Ft. on 7500 acres


Property Info

CIMLS#788368
Location
  844 S. Bonnie Brae Street
  Los Angeles CA 90057
UpdatedDecember 2nd, 2015
TypeMulti-family
Price$4,795,000
Building14,478 Sq. Ft.
Land7500 acres

Property Description

The Bonnie Brae Apartments is a prime Turnkey Non Rent Controlled Asset located in Downtown Los Angeles only 1 Mile from the Staples Center and LA Live. Featuring an excellent unit mix of (6) 1 Bedroom/1 Bathroom and (12) 2 Bedroom/2 Bathroom units, most of which have balconies. A majority of the units have been upgraded with granite counters, wood floors and newer appliances. The property benefits from 20 car underground parking, gated entry, four storage rooms and a laundry room for added income. The property has undergone over $100K in capital improvements to the common areas in the past 6 months including new paint in all the interior hallways, new wood flooring in all the interior hallways, and upgraded lighting throughout the common areas. Additionally the owner has renovated the exterior of the property with a brand new roof and new paint on the front of the building. All units are individually metered for Gas and Electric.

Location Description:

The subject property is located in the heart of the Westlake District flanked by Koreatown to the West, Silverlake to the North, and Downtown the East. Just north of Olympic Blvd. The Bonnie Brae Apartments sit 1 Mile from the Staples Center and LA Live, and enjoys close proximity to many restaurants, shops and employers.

Highlights:

>> Turnkey Property

>> Non Rent Controlled

>> Over 100K in Recent Upgrades Including A New Roof

>> Great Downtown Location 1 Mile from Staples Center and LA Live

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Financials

Sales Info:

>> Commision split: 1.0%


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