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227 S Bonnie Brae Street

Los Angeles, CA 90057

– beds
– baths
– sqft
7,213 sqft lot
1956 build
– on site

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.

Listed By CRMLS_CA / Parker Boehle / NorthMarq Realty Services, Inc / 310-988-8361

Last checked: Checking… • Last updated Feb 26, 2025 •

MLS# OC25041643 —

The Building

Year Built:

1956
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2757.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

Front
Laundry:

Common Area
Laundry:

1

Location

Directions:

Off Beverly Blvd. and S. Bonnie Brae St.
Latitude:

34.06378900
Longitude:

-118.26934900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

7213.0000
Lot Size Acres:

0.1656
Lot Size SqFt:

7213.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

2
Tax Census Tract:

2084.01
Tax Tract:

2535
Tax Lot:

15

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5154003003

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Golf, Gutters, Sidewalks, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/25/25 Feb 25, 2025	Listed / Active	CRMLS_CA	$1,175,000	40.7% (5.3% / YR)
6/5/17 Jun 5, 2017		CRMLS_CA	$835,000

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This multifamily located in Central LA, Los Angeles, CA 90057 is currently for sale for $1,175,000. 227 S Bonnie Brae Street is a – square foot multifamily with – beds and – baths that has been on Estately for 18 days. 227 S Bonnie Brae Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of Edward R. Roybal Learning Center, Union Avenue Elementary School, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Miguel Contreras Learning Complex - School Of Social Justice, Miguel Contreras Learning Complex - Business And Tourism, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Sal Castro Middle School, Ramon C Cortines School Of Visual And Performing Arts, and Belmont Senior High School.

Listing Courtesy of: CRMLS_CA and NorthMarq Realty Services, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 00:03 on Mar 15.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.