Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present 1216 S Bonnie Brae St, a 12-unit multifamily investment opportunity on the edge of the Westlake, Pico-Union, and Koreatown neighborhoods of Los Angeles located just east of S Alvarado St between W 12th St & W Pico Blvd • The property features a unit mix of all one-bedrooms with five parking spaces; two units will be delivered vacant at the close of escrow • At the asking price, the property is being offered at a 7.20% CAP rate and 8.87 GRM on current income with an additional 14% rental upside • The property has a secured, gated entrance; the building is separately metered for gas and electric • Rare opportunity to purchase a well-kept high-yield asset • High Walk Score of 93, the property is one mile from the Metro A-E Rail Lines, and walking distance to the Metro Local Lines along S Hoover St & S Alvarado St • Central location with an easy commute for residents to nearby employment hubs in Downtown Los Angeles, Westlake, Koreatown, and Mid-City, among others