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626 S Bonnie Brae St
Los Angeles, CA 90057
18 Units in Prime Westlake · Multifamily Property For Sale
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18 Units
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 11,145 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1918 |
| Building Class | B | Parking Ratio | 0.72/1,000 SF |
| Zoning | LAC1 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 11,145 SF |
| No. Stories | 3 |
| Year Built | 1918 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | LAC1 |
ABOUT 626 S BONNIE BRAE ST , LOS ANGELES, CA 90057
Marcus & Millichap is pleased to offer for sale an 18-unit apartment community located at 626 South Bonnie Brae Street. Positioned just East of MacArthur Park, the property is situated in prime Westlake, which borders three thriving markets – Koreatown, Downtown, and University Park. The subject property offers investors significant rental upside to the remaining units. Consisting of one, three-story building, the property is situated on a 7,500 Square Foot parcel. The property features 12 Singles and six one-bedroom/one-bathroom units. Bonnie Brae features eight on-site parking spaces, on-site laundry and secured access. Due to its 1918 construction, the property is subject to Los Angeles Rent Control statutes. An astute investor should be able to implement a thorough interior renovation program, continued implementation of the RUBS program, and take advantage of the upside in rental income.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 5142-008-019 | Improvements Assessment | $739,587 |
| Land Assessment | $2,222,110 | Total Assessment | $2,961,697 |
PROPERTY TAXES
