Description

Exceptional investment opportunity in Westlake! Offered at $176.52 per sq. ft. and $139,800 per unit, this 5 unit multifamily property at 310 S. Bonnie Brae St. presents approximately 120% potential rental upside, making it an ideal opportunity for investors seeking significant value add potential. The property offers 3,960 sq. ft. of living space on a 6,511 sq. ft. lot and consists of three structures, including a front building with four 1 bedroom, 1 bath units featuring large dens, which may offer the potential to convert into 2 bedroom units (buyer to verify). The fifth unit is located above three rear single car storage garages. An additional structure with three single car storage garages provides potential for ADU conversion (buyer to verify). Recent capital improvements include copper plumbing, new flat roofs on all three structures, and updated electrical service lines with panels, breakers, and six meters. Each unit is separately equipped with its own sub panel, water heater, and wall furnace. The property also offers assigned tenant parking, additional storage income, and ample tandem parking in front of the garages. It is centrally located near Downtown LA, Koreatown, major freeways, MacArthur Park, and Echo Park.