1138 South Bronson Avenue
1138 South Bronson Avenue Los Angeles, California 90019 United States

$2,650,000
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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...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$2,650,000
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.31 Acres
Exterior
Residential Income
Property type
1933
Year Built
21774698
Web Id
21774698
MLS ID
Los Angeles Unified
School District
35
days ago

About 1138 South Bronson Avenue

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.

Listing Courtesy of Neema Ahadian, Marcus & Millichap, 01346750, Active

PROPERTY INFORMATION

Appliances
Gas Cooktop, Gas Oven, Microwave
Parking Description
Carport, Detached Carport

INTERIOR

Flooring
Wood

ADDITIONAL INFORMATION

Number of Units
8

1138 South Bronson Avenue, Los Angeles, California 90019 United States is a Residential Income for Sale for $2,650,000. Was built in 1933,  on a lot of .31 Acres ( m2) and it's composed from .


Listing Courtesy of Marcus & Millichap

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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Based on information from CRISNet MLS as of at the data was obtained. 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.