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Listing Details

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School Ratings & Info

Description

138 S Bronson Avenue, Los Angeles. CA 90019. Built in 1933, this 8-unit property is in the premier Country Club Park neighborhood, located between Olympic Blvd and Pico Boulevard, just south of Wilshire Park. 1138 S Bronson Ave is surrounded by some of the citys most iconic restaurants, nightlife, cafes, and shopping.1138 Bronson Avenue totals 6,634 SF featuring a unit mix that includes four two-bedrooms and four one-bedroom units. This is a prime opportunity for an investor to acquire a building with strong in-place income with additional rental upside of 28%. The subject property is being offered at a 4.07% CAP rate on current income. Additionally, tenants are responsible for waste removal with individual trash bins and the building is separately metered for gas and electricity.The units boast dual entrances, hardwood floors throughout, tile floor in the kitchen and bathroom, updated kitchen cabinets, modern appliances (gas oven with designer range top, refrigerator, and microwave) and granite countertops. The units also feature large closets, air-conditioning, and ceiling fans. The building is set on a 13,301 SF lot with community landscaped front yard with a water fountain. Furthermore, the property features community laundry and eight parking spaces in covered garages.Country Club Park is one of the most historic submarkets in Los Angeles and a destination for ethnic cuisine. The subject property boasts a high walk score of 87, a very walkable neighborhood. Extensive dining and nightlife is in close proximity to the building including the original Caf El Chole, BCD Tofu House, Guss World Famous Fried Chicken, Replublique, and much more.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T21:42:44.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/120648494
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1138 S Bronson Ave Los Angeles, CA 90019

  • Price: $2,650,000
  • Status: Active
  • Updated: 81 min ago
  • MLS #: 21-774698
8
Beds
0
Baths
0
½ Baths
0.31
Acres
6,634
SQFT
$399
$/SQFT
1933
Built
Neighborhood:
Hancock Park-Wilshire
County:
Los Angeles
Area:
Hancock Park-Wilshire
Property Description
138 S Bronson Avenue, Los Angeles. CA 90019. Built in 1933, this 8-unit property is in the premier Country Club Park neighborhood, located between Olympic Blvd and Pico Boulevard, just south of Wilshire Park. 1138 S Bronson Ave is surrounded by some of the citys most iconic restaurants, nightlife, cafes, and shopping.1138 Bronson Avenue totals 6,634 SF featuring a unit mix that includes four two-bedrooms and four one-bedroom units. This is a prime opportunity for an investor to acquire a building with strong in-place income with additional rental upside of 28%. The subject property is being offered at a 4.07% CAP rate on current income. Additionally, tenants are responsible for waste removal with individual trash bins and the building is separately metered for gas and electricity.The units boast dual entrances, hardwood floors throughout, tile floor in the kitchen and bathroom, updated kitchen cabinets, modern appliances (gas oven with designer range top, refrigerator, and microwave) and granite countertops. The units also feature large closets, air-conditioning, and ceiling fans. The building is set on a 13,301 SF lot with community landscaped front yard with a water fountain. Furthermore, the property features community laundry and eight parking spaces in covered garages.Country Club Park is one of the most historic submarkets in Los Angeles and a destination for ethnic cuisine. The subject property boasts a high walk score of 87, a very walkable neighborhood. Extensive dining and nightlife is in close proximity to the building including the original Caf El Chole, BCD Tofu House, Guss World Famous Fried Chicken, Replublique, and much more.
Exterior Features

Lot Size Area 13292 Other Structures None Parking Garage Carport DetachedCarport Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 8

Interior Features

Bathroom Features Linen Closet Baths Total 8.00 Cooking Appliances Cooktop - GasOven-GasMicrowave Cooling Air ConditioningCeiling Fan Equipment Microwave Flooring Hardwood Heating Other Laundry Community

Property Features

Assessed Total Value 457837 Gross Income 175739 Gross Operating Income 170467 Like Units1 4 Like Units2 4 Net Operating Income 107818.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 62648 TVServices Cable Tv Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T21:42:44.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
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