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440 S Bonnie Brae St
Los Angeles, CA 90057
Bonnie Brae Apartments · Multifamily Property For Sale
·
29 Units
Investment Highlights
- A 29-unit value-add investment opportunity in the Westlake neighborhood of LA located between W 3rd and 6th St, two blocks from MacArthur Park
- The property is being offered at a low $155,172 price per unit and a $233 price per square foot
- Secured, gated entrance and well-maintained common areas; gas and electric are separately metered
- The property features a unit mix of 20 singles and 9 one-bedrooms with 10 parking garages at the rear of the property
- Opportunity to capture over 38% rental upside as units turn and achieve a pro forma CAP rate of 7.22% upon stabilization
- Additional income of $100 per parking space as well as leased community laundry with three washers and three dryers
Property Facts
| No. Units | 29 | Building Size | 19,346 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.52/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | LAR4 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 19,346 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
- Vintage Building
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 678 |
| 1+1 | 9 | - | 850 |
Property Taxes
| Parcel Number | 5154-024-010 | Improvements Assessment | $1,831,104 |
| Land Assessment | $2,746,656 | Total Assessment | $4,577,760 |
Property Taxes
Parcel Number
5154-024-010
Land Assessment
$2,746,656
Improvements Assessment
$1,831,104
Total Assessment
$4,577,760
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