City Terrace, CA 90063,830 N Bonnie Beach PL
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City Terrace, CA 90063,830 N Bonnie Beach PL
City Terrace, CA 90063,830 N Bonnie Beach PL
City Terrace, CA 90063,830 N Bonnie Beach PL
City Terrace, CA 90063,830 N Bonnie Beach PL

$800,000

Est. payment /mo

$850,000

5.9%
Est.Price: ?

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830 N Bonnie Beach PL City Terrace, CA 90063

5,662 Sqft Lot

SOLD DATE : 04/09/2021

Key Details

Sold Price $800,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB21031286

Sold Date 04/09/21

HOA Y/N No

Year Built 2010

Lot Size 5,662 Sqft

Property Description

We are pleased to present this rare opportunity to purchase a newly constructed Duplex in an excellent, low supply submarket of Greater Los Angeles. The property features a Favorable Unit Mix of (2) Large 3 Bed/2 Bath Units with each spanning almost 1,600 Rentable SF. Despite the unparalleled size of each unit, the building's efficient footprint provides each tenant with their own Garage Parking Space. Most Importantly, due to its 2010 Construction, the building is not subject to A.B. 1482 and is thus not restricted when it comes to Rent Adjustments. Additionally, with the Record Low Interest Rates, this offering is poised for Excellent Income upon Acquisition, as well as substantial upside in the extended term. Moreover, this offering represents an Excellent Owner/User Opportunity as it is perfect for an investor looking to live in one unit and rent out the other in order to further offset their Debt Service.

Centrally located near the 5, 10, 60, 101, and 710 Freeways, the building offers easy access to all areas of Los Angeles and the vast employment opportunities therein, and also falls within close proximity to both Cal State Los Angeles & East Los Angeles College. In addition, the property is located within 3 miles to the bustling development and employment hub of Downtown LA. Downtown is already responsible for nearly 500,000 jobs and, with new projects continuing to break ground, City Terrace will remain one of its greatest beneficiaries.

Location

State CA

County Los Angeles

Area Cter - City Terrace

Zoning LCR2*

Interior

Interior Features Attic

Heating Central

Cooling Central Air, Gas

Flooring Carpet, Laminate, Tile

Fireplaces Type Bath

Fireplace Yes

Appliance Dishwasher

Laundry Gas Dryer Hookup, Inside

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces East

Story 1

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5227027009

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Fannie Mae

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Fannie Mae

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc.
Bought with YUHAN YU • HARVEST REALTY DEVELOPMENT

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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