This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
144 S Bonnie Brae St
Los Angeles, CA 90057
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 7,542 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1954/2017 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Zoning | R4-1 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,542 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2017 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R4-1 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Stainless Steel Appliances
ABOUT 144 S BONNIE BRAE ST , LOS ANGELES, CA 90057
144 South Bonnie Brae Street is a twelve-unit apartment building in the rapidly gentrifying neighborhood of Westlake. Built in 1954, the subject property is a 7,542 square-foot, two-story building situated on a 8,982 square foot lot. The property offers and attractive unit mix of two (2) singles, nine (9) one-bedroom units, and one (1) two-bedroom unit. A third of the units have been completely renovated to include stainless steel appliances; new kitchen cabinets, tile backsplash and hardware; as well as energy-efficient LED lighting. A majority of the building has copper plumbing, and a new roof was installed in 2016 with permits. The building conveniently offers a total of nine (9) parking spaces - five (5) open and four (4) covered, which are not subject to the soft-story parking ordinance. Adjacent to Downtown Los Angeles (DTLA), south of uber-trendy Silver Lake/Echo Park and and east of dynamic Koreatown and Hollywood, Westlake is one of the city’s most rapidly developing and exciting submarkets. With its convenient, centralized location, easy access to amenities such the picturesque greenery of MacArthur Park, and high walkability (rating a Walk Score of 92 from www.walkscore.com), its desirability is apparent to renters, investors and developers. Westlake is continuing to experience a wave of repurposing and major new development projects, especially several large mixed-use projects, and is poised for a further influx of major funding from investors and the city. This property is a rare opportunity for an investor to obtain immediate cash flow while renovating and turning over the remaining units to realize a pro forma CAP rate above 7%.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,395 | - |
| 1+1 | 9 | $1,226 | - |
| 2+1 | 1 | $1,043 | - |
PROPERTY TAXES
| Parcel Number | 5154-001-009 | Improvements Assessment | $785,101 |
| Land Assessment | $2,048,091 | Total Assessment | $2,833,192 |
PROPERTY TAXES
