830 N Bonnie Beach Pl, City Terrace, Los Angeles, CA 90063

830 N Bonnie Beach Pl, City Terrace, Los Angeles, CA 90063

City Terrace, Los Angeles, CA

Property Description

We are pleased to present this rare opportunity to purchase a newly constructed Duplex in an excellent, low supply submarket of Greater Los Angeles. The property features a Favorable Unit Mix of (2) Large 3 Bed/2 Bath Units with each spanning almost 1, 600 Rentable SF. Despite this unparalleled size of each unit, the building’s efficient footprint provides each tenant with their own Garage Parking Space.

Most Importantly, due to its 2010 Construction, the building is not subject to A.B. 1482 and is thus not restricted when it comes to Rent Adjustments. Additionally, with the Record Low Interest Rates, this offering is poised for Excellent Income upon Acquisition, as well as substantial upside in the extended term. Moreover, this offering represents an Excellent Owner/User Opportunity as it is perfect for an investor looking to live in one unit and rent out the other in order to further offset their Debt Service.

Centrally located near the 5, 10, 60, 101, and 710 Freeways, the building offers easy access to all areas of Los Angeles and the vast employment opportunities therein, and also falls within close proximity to both Cal State Los Angeles & East Los Angeles College. In addition, the property is located within 3 miles to the bustling development and employment hub of Downtown LA. Downtown is already responsible for nearly 500, 000 jobs and, with new projects continuing to break ground, City Terrace will remain one of its greatest beneficiaries.

Property Features

  • Sale Price: $800,000
  • Area Size: 3,168 SF
  • Land Area: 5,821 SF
  • Year Built: 2010
  • Listing Date: 2/21/2021
  • Closing Date: 4/12/2021
  • Units: 2
  • Current GRM: 15.07
  • Current Cap Rate: 4.55%
  • Price Per Unit: $425,000
  • Market GRM: 13.62
  • Market Cap Rate: 5.22%

Lyon Stahl Investment Real Estate

Keep In Touch