227 S Bonnie Brae Street, Los Angeles, CA 90057 - Berkshire Hathaway HomeServices California Properties

227 S Bonnie Brae Street, Los Angeles, CA 90057

$1,175,000 Approx. USD 0 beds, 0 baths

Listing Agent


Parker Boehle | pboehle@northmarq.com
Lic#: 02054215
Broker: Courtesy of NorthMarq Realty Services, Inc

Co Listing Agent


Brent Sprenkle | bsprenkle@northmarq.com
Lic#: 01290116
Broker: Courtesy of NorthMarq Realty Services, Inc

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# OC25041643
Price: $1,175,000
Beds: 0
Baths: 0
Built in 1956
2 stories
0.17 acres
Lot size: 0.1656
County: Los Angeles
Zoning: LAR3
Lot description: ZeroToOneUnitAcre
MLS area: KREA - Koreatown

Last Updated: 2/26/2025

 Days On Market (DOM): 70

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This listing belongs to the KREA - Koreatown MLS area

Lat/Long: 34.063789, -118.269349.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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