Skip to main content

Multifamily

626 S Bonnie Brae St

626 S Bonnie Brae St, Los Angeles, CA 90057

Listing Price: $3,100,000

Cap Rate
4.28%
Number of Units
18
Price/Unit
$172,222
Price/Gross SF
$278.15
Gross SF
11,145

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an 18-unit apartment community located at 626 South Bonnie Brae Street. Positioned East of MacArthur Park, the subject property is situated in prime Westlake, which borders three thriving markets – Koreatown, Downtown, and University Park. Consisting of one, three-story building on a 7,500 square foot parcel, the subject property features 12 singles and six one-bedroom units. Renovated units feature custom bathroom tile, new flooring throughout, brand new appliances, new kitchen, bathroom cabinets and engineered wood floors. Renovated units are achieving high premiums over the average in-place rents. The building also features eight on-site parking spaces, which is uncommon for buildings of this vintage, and brings in additional revenue.

Investment Highlights

  • While Current Ownership Completed Renovations to Select Units, Investors Will Have an Excellent Opportunity to Continue These Improvements and Raise Income on Unrenovated Units
  • Eight On-Site Parking Spaces, On-Site Laundry, and Secured Access
  • 33% of Units are One-Bedroom Units
  • With a Walk Score of 96 'Walker's Paradise'- Daily Errands Do Not Require a Car. 626 South Bonnie Brae is Just East of MacArthur Park & Residents Can Easily Access Employment Centers, Retail & Entertainment in the Area
  • Current Ownership Recently Renovated Select Units with New Flooring, Brand-New Stainless-Steel Kitchen Appliances, Upgraded Bathroom/Kitchen Cabinets, Custom Bathroom Tile and More
  • The Subject Property is Located 0.2 Miles from the Westlake/MacArthur Park Metro Station – Residents Benefit from Convenient Access to Employment Centers, Eateries and More

Exclusively Listed By

Financing By

Multifamily

626 S Bonnie Brae St

Listing Price: $3,100,000

Cap Rate
4.28%
Number of Units
18
Price/Unit
$172,222
Price/Gross SF
$278.15
Gross SF
11,145

Investment Highlights

  • While Current Ownership Completed Renovations to Select Units, Investors Will Have an Excellent Opportunity to Continue These Improvements and Raise Income on Unrenovated Units
  • Eight On-Site Parking Spaces, On-Site Laundry, and Secured Access
  • 33% of Units are One-Bedroom Units
  • With a Walk Score of 96 'Walker's Paradise'- Daily Errands Do Not Require a Car. 626 South Bonnie Brae is Just East of MacArthur Park & Residents Can Easily Access Employment Centers, Retail & Entertainment in the Area
  • Current Ownership Recently Renovated Select Units with New Flooring, Brand-New Stainless-Steel Kitchen Appliances, Upgraded Bathroom/Kitchen Cabinets, Custom Bathroom Tile and More
  • The Subject Property is Located 0.2 Miles from the Westlake/MacArthur Park Metro Station – Residents Benefit from Convenient Access to Employment Centers, Eateries and More

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an 18-unit apartment community located at 626 South Bonnie Brae Street. Positioned East of MacArthur Park, the subject property is situated in prime Westlake, which borders three thriving markets – Koreatown, Downtown, and University Park. Consisting of one, three-story building on a 7,500 square foot parcel, the subject property features 12 singles and six one-bedroom units. Renovated units feature custom bathroom tile, new flooring throughout, brand new appliances, new kitchen, bathroom cabinets and engineered wood floors. Renovated units are achieving high premiums over the average in-place rents. The building also features eight on-site parking spaces, which is uncommon for buildings of this vintage, and brings in additional revenue.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower