138 S Bronson Avenue, Los Angeles. CA 90019. Built in 1933, this 8-unit property is in the premier Country Club Park neighborhood, located between Olympic Blvd and Pico Boulevard, just south of Wilshire Park. 1138 S Bronson Ave is surrounded by some of the city's most iconic restaurants, nightlife, cafes, and shopping.1138 Bronson Avenue totals 6,634 SF featuring a unit mix that includes four two-bedrooms and four one-bedroom units. This is a prime opportunity for an investor to acquire a building with strong in-place income with additional rental upside of 28%. The subject property is being offered at a 4.40% CAP rate on current income. Additionally, tenants are responsible for waste removal with individual trash bins and the building is separately metered for gas and electricity.The units boast dual entrances, hardwood floors throughout, tile floor in the kitchen and bathroom, updated kitchen cabinets, modern appliances (gas oven with designer range top, refrigerator, and microwave) and granite countertops. The units also feature large closets, air-conditioning, and ceiling fans. The building is set on a 13,301 SF lot with community landscaped front yard with a water fountain. Furthermore, the property features community laundry and eight parking spaces in covered garages.Country Club Park is one of the most historic submarkets in Los Angeles and a destination for ethnic cuisine. The subject property boasts a high walk score of 87, a very walkable neighborhood. Extensive dining and nightlife is in close proximity to the building including the original Caf El Chole, BCD Tofu House, Guss World Famous Fried Chicken, Replublique, and much more.
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