144 S Bonnie Brae Street

    Los Angeles (City), CA 90057
    • $2,500,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: 18325906
    UPDATED: 54 min ago
    $2,500,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,542
      SQFT
    • $331
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Built in 1927, 6016 Eleanor Avenue consist of eight (8) large units with spacious floor plans and open views. Throughout the years, Ownershiphave converted most of these one bedrooms, into two-bedroom units, (without permits) creating an opportunity to increase revenue. This low maintenance, low expense asset is separately metered for gas and electric, as well as individual water heaters for each unit (some have been converted to tankless heaters). Well maintained throughout the years, the subject property has new electrical panels and wiring, and most plumbing has been replaced to copper.This is an opportunity for an investor to acquire an attractive, low maintenance asset in a prime location of Hollywood at an attractive yield while still having the ability to increase revenue by further renovations and unit turnover.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T08:28:07.72. 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.
    www.playavistaliving.com/homes/81934745

    144 S Bonnie Brae Street Los Angeles (City), CA 90057

    • Price: $2,500,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 18325906
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    7,542
    SQFT
    $331
    $/SQFT
    1954
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Built in 1927, 6016 Eleanor Avenue consist of eight (8) large units with spacious floor plans and open views. Throughout the years, Ownershiphave converted most of these one bedrooms, into two-bedroom units, (without permits) creating an opportunity to increase revenue. This low maintenance, low expense asset is separately metered for gas and electric, as well as individual water heaters for each unit (some have been converted to tankless heaters). Well maintained throughout the years, the subject property has new electrical panels and wiring, and most plumbing has been replaced to copper.This is an opportunity for an investor to acquire an attractive, low maintenance asset in a prime location of Hollywood at an attractive yield while still having the ability to increase revenue by further renovations and unit turnover.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.56 Gross Multiplier 14.01 Gross Operating Income 179774.00 Laundry YN Yes Net Operating Income 113978.00 Special Listing Conditions Standard Tax Year 2018 Taxes Percent 1.19 Total Expenses 65796.00 Zoning Lar4

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T08:28:07.72. 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.
     
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