Description
We are pleased to present a four (4) unit apartment building located at 1017 S Bonnie Beach Place in Los Angeles, California. The subject property is situated in a great East Los Angeles location, south of Whittier Boulevard and east of S Indiana St. Built in 1949, this property contains a great unit mix of one (1) one-bedroom / one-bathroom unit, two (2) two-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom detached house with a bonus sunroom. The property will be delivered 100% vacant for immediate renovation. There are three (3) garages, and one (1) utility room with its own dedicated full bathroom and shower. There is a great opportunity to convert the utility room, the sunroom, or the garages into multiple ADU unit(s). Tenants will love living in a quiet residential neighborhood adjacent to Downtown and the Arts District. Great retail, restaurant, and entertainment amenities are available across Whittier Boulevard to the north, and E Olympic Boulevard to the south. Outdoor recreation is available just down the street at Salazar Park. Situated in a great East Los Angeles location, this offering presents an excellent opportunity for any investor capitalize on 100% vacancy for immediate renovation, and adding multiple ADU unit(s) in a strong rental market free from Los Angeles city municipality and rent control.
Location
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