CA > Los Angeles
Los Angeles, CA 90057,227 S Bonnie Brae Street
Los Angeles, CA 90057,227 S Bonnie Brae Street
Los Angeles, CA 90057,227 S Bonnie Brae Street
8
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$1,175,000
Est. payment /mo
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4 Baths
7,213 Sqft Lot
Active

227 S Bonnie Brae Street Los Angeles, CA 90057

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Mike Acker

Mike Acker

+1(619) 454-0620

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25041643

HOA Y/N No

Lot Size 7,213 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Located in Westlake, 227 S. Bonnie Brae offers an ideal opportunity to acquire a value-add, cash flowing 8-unit property. The property is currently operating at a 5.26& Cap Rate and 10.5 GRM with tons of upside in rental income! Built in 1956, the Bonnie Brae apartments have been well maintained by ownership. Four of the units have been renovated with new flooring, cabinets, fixtures, and bathrooms, allowing management to achieve top of the market rent at $1,595/month for multiple units. All units are Studios measuring roughly 345 Sq.Ft. There is roughly 31% upside remaining in monthly rents. The property sits on a massive lot, totaling just under 7,300 Sq.Ft, which allows for an incredible opportunity for ADU's or redevelopment. The rear lot is currently being used for roughly (12) total parking spaces and is zoned R3. Surrounded by numerous modern developments, the Bonnie Brae apartments are only minutes away from Crypto.Com Arena, LA Live, the LA Metro Station, the booming Echo Park, BMO Stadium, as well at the 101/110 Freeways.
Located in Westlake, 227 S. Bonnie Brae offers an ideal opportunity to acquire a value-add, cash flowing 8-unit property. The property is currently operating at a 5.26& Cap Rate and 10.5 GRM with tons of upside in rental income! Built in 1956, the Bonnie Brae apartments have been well maintained by ownership. Four of the units have been renovated with new flooring, cabinets, fixtures, and bathrooms, allowing management to achieve top of the market rent at $1,595/month for multiple units. All units are Studios measuring roughly 345 Sq.Ft. There is roughly 31% upside remaining in monthly rents. The property sits on a massive lot, totaling just under 7,300 Sq.Ft, which allows for an incredible opportunity for ADU's or redevelopment. The rear lot is currently being used for roughly (12) total parking spaces and is zoned R3. Surrounded by numerous modern developments, the Bonnie Brae apartments are only minutes away from Crypto.Com Arena, LA Live, the LA Metro Station, the booming Echo Park, BMO Stadium, as well at the 101/110 Freeways.

Location

State CA

County Los Angeles

Area Los Angeles (90057)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $79

Acceptable Financing Cash, Conventional

Space Rent $1,595

Listing Terms Cash, Conventional

San Diego Regional MLS (SDMLS)
Listed by Parker Boehle • NorthMarq Realty Services, Inc

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agent

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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227 S Bonnie Brae Street

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