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