1050 Bonnie Beach Place, Los Angeles

$1,100,000

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7 Beds
3 Baths
2,890 Sqft
.17 Acre
0 Garage

We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.

Essential Information

MLS® #
24380535
Price
$1,100,000
Bedrooms
7
Bathrooms
3.00
Square Footage
2,890
Acres
0.17
Year Built
1927
Type
Residential Income
Style
Spanish
Status
Active

Community Information

Address
1050 Bonnie Beach Place
Area
ELA - East Los Angeles
City
Los Angeles
County
Los Angeles
Zip Code
90023
Community Features
Gated
Senior Community
N

Amenities

Parking Spaces
8
Parking
Covered, Carport, Uncovered
Garages
Covered, Carport, Uncovered
View
City Lights
Pool
None

Interior

Interior
Wood
Appliances
Refrigerator
Heating
Wall Furnace
# of Stories
2
Stories
Multi/Split

Exterior

Lot Description
Landscaped, Rectangular Lot

Additional Information

Date Listed
April 15th, 2024
Days on Market
32
Zoning
LCR4YY

Listing Details

Agent
Jason Tuvia
Office
Marcus & Millichap
Property History
Price Reduced from $1,200,000 to $1,100,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 2:58pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.