1044 N Bonnie Brae Street

    Los Angeles (City), CA 90026
    • $3,950,000
    • STATUS: Active Under Contract
    • ON SITE: 126 days
    • ID#: 19478160
    Under Contract
    UPDATED: 36 min ago
    $3,950,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,751
      SQFT
    • $451
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Well maintained 15-unit plus one non confirming unit apartment building in Echo Park. 1044 Bonnie Brae is a 14-unit apartment complex just 350 feet from the newly renovated Echo Park Lake. 1930 Park Ave is a 3 Bedroom + 2 Bath House. The property has frontage on both Bonnie Brae St. and Park Ave.In addition to its prime location and substantial upside, the subject property offers an ideal setup for a potential owner user. Located directly across the street from the beautifully rehabbed Echo Park, a new investor will see substantial appreciation in the years to come.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/96020181

    1044 N Bonnie Brae Street Los Angeles (City), CA 90026

    • Price: $3,950,000
    • Status: Active Under Contract
    • Updated: 36 min ago
    • ID#: 19478160
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    8,751
    SQFT
    $451
    $/SQFT
    1922
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Well maintained 15-unit plus one non confirming unit apartment building in Echo Park. 1044 Bonnie Brae is a 14-unit apartment complex just 350 feet from the newly renovated Echo Park Lake. 1930 Park Ave is a 3 Bedroom + 2 Bath House. The property has frontage on both Bonnie Brae St. and Park Ave.In addition to its prime location and substantial upside, the subject property offers an ideal setup for a potential owner user. Located directly across the street from the beautifully rehabbed Echo Park, a new investor will see substantial appreciation in the years to come.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling See Remarks Cooling YN Yes

    Property Features

    Cap Rate 4.14 Gross Multiplier 14.43 Gross Operating Income 257598.00 Improvements Amount 1201243 Land Value 1304799 Net Operating Income 163525.00 Special Listing Conditions Real Estate Owned Total Expenses 94071.00 Zoning Lar3

    Listing provided courtesy of Jack Ravan of South Park Group, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,