MLS® ID: 19419596
1417 S BONNIE BRAE Street
Los Angeles, California, 90006 $1,675,000
Add-Value property. Actual Gross Annual Income - $141,171. This property was built as a hotel/motel and was converted years ago into an eight units apartment building, however some of the layout of a motel is still there. The zoning does not allow a motel anymore on this property. This cash cow is located in a changing area - south of Korea Town and north of USC. The current owner remodeled some of the units and re-stucco the front. In addition he increased the income significantly, although there is still room to add value. If you have any question, feel free to call the listing agent.