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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
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:
- No listing contact info available
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
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
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 |