$1,200,000

1050 Bonnie Beach Place, Los Angeles 90023

7

Beds

3

Baths

2,890

Square feet

7,451

Lot Size

3

# Of Units

Listing Agent
Jason Tuvia - Marcus & Millichap

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.

Facts & Features

MLS® # 24380535
Price $1,200,000
Bedrooms 7
Bathrooms 3.00
Square Footage 2,890
Lot Size 7,451
Year Built 1927
Type Residential Income
Style Spanish
Status Active
# Of Units 3

Community Information

Address 1050 Bonnie Beach Place
Area ELA - East Los Angeles
City Los Angeles
County Los Angeles
Zip Code 90023

Amenities

Parking Spaces 8
Parking Covered, Carport, Uncovered
Garages Covered, Carport, Uncovered
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Wood
Appliances Refrigerator
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 2
Stories Multi/Split

Exterior

Lot Description Landscaped, Rectangular Lot

Additional Information

Date Listed April 15th, 2024
Days on Market 16
Zoning LCR4YY
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJason Tuvia
OfficeMarcus & Millichap

Listing Map

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