We are pleased to offer for sale 943 South Bonnie Beach Place, a 16-unit apartment community located in East Los Angeles, about five miles east of Downtown Los Angeles. Built in 1923, the property comprises 8,400 square feet of improvements across nine buildings on a 16,000-square-foot parcel. Its unit mix is 14 one-bedroom units and two two-bedroom units. The property delivers strong in-place yield at a 6.90% scheduled cap rate and an 8.83 gross rent multiplier. Approximately 15% rental upside remains, capturable through ordinary turnover. With a Walk Score of 78, most errands can be accomplished on foot. Whittier Boulevard, the main commercial corridor of East Los Angeles, runs just north of the property. The 5, 60 and 710 Freeways put Downtown Los Angeles and the industrial employment centers of Vernon and Commerce within commuting distance. 943 South Bonnie Beach Place offers investors an opportunity to acquire an income-producing asset with remaining upside in East Los Angeles. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Multi-familyProperty Type
1923Year Built
0.37 acresLot Size
$327Price/Sq.Ft.
11 spacesParking
Listed by Sean Rosenzweig•DRE #01406343• Marcus & Millichap
Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public 9-12 • Assigned • 1.3mi
1/10
Provided by GreatSchools
About Eastside
LA
Eastside LA, located between the Los Angeles River and the San Gabriel Valley foothills, is a historic and industrial Los Angeles neighborhood with hillside views and mural-lined streets. The character concentrates along Cesar Chavez Avenue near Evergreen Cemetery, where panaderías, taquerías, record shops, and late-night coffee windows keep the sidewalks in motion. Craftsman bungalows and mid-century apartments mix with warehouse blocks and rail corridors, giving the streetscape a layered, working-city feel. Self Help Graphics & Art anchors local printmaking and exhibitions, while Mariachi Plaza sets a steady rhythm for public life. The Japanese American National Museum and the Arts District’s Hauser & Wirth add gallery energy and design-forward dining nearby. Parks and river paths shape a daily routine built around walks, bikes, and neighborhood errands.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Other equipment
Other cooling
Other heating
Bedrooms
One-bedroom units (14 units)
Two-bedroom units (2 units)
Bathrooms
One-bath units
Heating & cooling
Other heating
Other cooling
Exterior features
Lot dimensions approximately 100 x 160
Zoned LCR4YY
No other structures
Home design
Residential income property
Multi-level building with 2 total floors
Nine separate buildings on the property
Parking
Uncovered parking
Total of 11 parking spaces
HOA & community
16 units in the complex
Financial info
Gross income reported at 311,280
Gross operating income reported at $304,756
Net operating income reported at $189,714
Total annual expenses reported at $115,042
Cap rate 6.9
Gross rent multiplier 8.83
Income reported as Actual
Electricity and solar
View estimated energy costs and solar savings for this home
Residential Zones preserve, protect, and enhance areas for residential land uses in a range of densities; provide for orderly, well-planned, and balanced growth of residential neighborhoods; and ensure adequate light, air, privacy, and open space for each dwelling. These zones also provide for the appropriate location of public and semi-public uses such as schools, parks, and religious facilities that can serve and complement residential uses.
Zone overlays
Green Zone District
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Other
Nov 7, 2023 • Final
Grading permit - county
Excavate lead-impacted soils and dispose of materials offsite. Place and compact a clean soil mix and re-landscape the area in-kind.
Demolition
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 93° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
9 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Los Angeles, CA • 90023
Average low and high temperatures (°F)
70
48
72
51
74
54
72
54
74
58
79
62
83
65
87
66
84
66
79
59
72
53
70
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
75/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Los Angeles. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.7 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 943 S Bonnie Beach Pl
There isn’t enough information to generate an accurate estimate at this time. Learn More