16-Unit Apartment
For Sale
$2,750,000
943 S Bonnie Beach Place, Los Angeles, CA 90023
Income-producing multifamily property with one- and two-bedroom units in East Los Angeles.
Property Size8,400 SF
Lot Size0.37 Acres
Price / SF$327.38
Days on Market31
Property Features for 943 S Bonnie Beach Place
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.37 Acres
Property subtype
Multi-family
Financials
Cap Rate
6.9%
Gross Rent Multiplier
8.83
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
14 x 1BR, 2 x 2BR
Multifamily Units
16
Building Details
Year Built
1923
Buildings
9
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig
(714) 497-3550
Source:
Sevengables
Added: Aug 14
Changed: Sep 12
Last Checked: Sep 12 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This East Los Angeles apartment property includes 16 units distributed among nine buildings totaling 8,400 square feet of improvements on a 16,000-square-foot parcel. The unit mix consists of 14 one-bedroom apartments and two two-bedroom apartments. Originally built in 1923, the community offers an established multifamily configuration with rental income in place.
The property is located at 943 S Bonnie Beach Place, near Whittier Boulevard and approximately five miles east of Downtown Los Angeles. Walk Score is 78, and the 5, 60, and 710 Freeways provide access toward Downtown Los Angeles and the employment centers of Vernon and Commerce. The scheduled cap rate is 6.90%, with an 8.83 gross rent multiplier. Approximately 15% rental upside remains through ordinary turnover.
The property is located at 943 S Bonnie Beach Place, near Whittier Boulevard and approximately five miles east of Downtown Los Angeles. Walk Score is 78, and the 5, 60, and 710 Freeways provide access toward Downtown Los Angeles and the employment centers of Vernon and Commerce. The scheduled cap rate is 6.90%, with an 8.83 gross rent multiplier. Approximately 15% rental upside remains through ordinary turnover.
Key Highlights
- 16‑unit apartment community across nine buildings
- 8,400 square feet of improvements on a 16,000‑square‑foot parcel
- Unit mix includes 14 one‑bedroom units and two two‑bedroom units
Property Analytics
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Current Use
Lease Details
16
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing multifamily property with one- and two-bedroom units in East Los Angeles.
Where is this apartment building located?
The property is located at 943 S Bonnie Beach Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 16‑unit apartment community across nine buildings; 8,400 square feet of improvements on a 16,000‑square‑foot parcel; Unit mix includes 14 one‑bedroom units and two two‑bedroom units
