Executive Summary

INVESTMENT HIGHLIGHTS

• 1835 South Bonnie Brae Street is a 6,725 SF warehouse in Pico Union adjacent to Downtown Los Angeles and situated just off the I-10 and I-110, a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation
• The building is currently divided into two units which are both operated as auto repair services, there are also small office spaces in each of the units
• Both units are currently occupied on month-to-month gross leases
• This investment opportunity is ideal for an owner-user to occupy half the building while collecting income from the other unit or to takeover the entire building to operate a business utilizing the 6,725 SF of space
• The subject property built in 1923 is currently zoned [Q]C2-1 with ground level doors on S Bonnie Brae St and Hoover St
• The Pico Union market remains one of the most desirable submarkets for living and working. With over 75,000 people living within one-mile and an average home value of over $657,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year
• The subject property has a walk score of 90, offers direct access to the I-10 and I-110 Freeways, and sees a traffic count of over 52,000 cars per day