Los Angeles, CA 90023,1050 S Bonnie Beach PL
Los Angeles, CA 90023,1050 S Bonnie Beach PL
Los Angeles, CA 90023,1050 S Bonnie Beach PL
$1,040,000
Est. payment /mo
$1,100,000
5.5%
Est.Price: ?

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7 Beds
5 Baths
2,890 SqFt
SOLD DATE : 06/28/2024

Key Details

Sold Price $1,040,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,890 sqft

Price per Sqft $359

MLS Listing ID 24380535

Sold Date 06/28/24

Bedrooms 7

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Lot Size 7,453 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR4YY

Interior

Heating Wall Furnace

Flooring Wood

Fireplace No

Appliance Refrigerator

Exterior

Garage Covered, Carport, Uncovered

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Porch Open, Patio

Parking Type Covered, Carport, Uncovered

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped, Rectangular Lot

Story 2

Entry Level Multi/Split

Architectural Style Spanish

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5236007016

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jason Tuvia • Marcus & Millichap
Bought with Jason Tuvia • Marcus & Millichap

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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