$1,625,000

1701 S Bonnie Brae, Los Angeles, CA 90006

5,037 sqft

other
Built in 1902
6,534sqft lot
—— car garage
$323/sqft
Listed 4 days ago

Property Description

This updated 7-unit multifamily at 1701 S Bonnie Brae St offers a strong mix of (3) 1-Bed/1-Bath, (2) 2-Bed/1-Bath, and (2) 2-Bed/2-Bath units delivered fully occupied and generating immediate income at 10.64 GRM and 6.51% Cap rate, with renovated interiors across a prime urban lot. Ideal for both owner-users and investors seeking cash flow and scalable value-add in vibrant Pico-Union. Renovated units feature modern upgrades, including luxury vinyl plank flooring, updated kitchens, remodeled bathrooms, ceiling fans, fresh paint, and living room fireplaces. The property offers pet-friendly appeal, air conditioning, included refrigerators, and optional assigned parking. Excellent value-add potential through 29% rental upside to stabilize at 8.25 GRM and 8.87% Cap rate, with opportunities to optimize rents amid strong LA multifamily demand and low vacancy trends. Current Management is offering to continue a 3% Fee for NEW Owners!! Situated in the Pico-Union/Westlake location with easy access to I-10/110 Freeways, Downtown LA, USC, Koreatown, and employment hubs like Sony, Apple, HBO, Google, and Meta, this property blends turnkey income with future appreciation in one of Los Angeles's most accessible rental markets. 1701 S Bonnie Brae St delivers immediate yields and long-term hold

Listing Status:: Active
Date Added:: February 3, 2026
Data Last Updated:: February 7, 2026 at 7:07PM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: Cameron Samimi : 310-259-7556
MLS ID:: CRSB26024312

Laundry: No Hookups

Parking: AssignedOtherPrivateUncovered Parking Space

Originating MLS: CRMLS
County: Los Angeles

Zoning: 5135010008

Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Cameron Samimi , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Magnolia Avenue Elementary School

1626 Orchard Ave, Los Angeles, CA, 90006

Grades PK-5

0.32 miles away

Berendo Middle School

1157 S Berendo St, Los Angeles, CA, 90006

Grades 6-8

0.82 miles away

West Adams Preparatory High School

1500 W Washington Blvd, Los Angeles, CA, 90007

Grades 9-12

0.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.