Investment Overview

Marcus & Millichap is pleased to exclusively present for purchase a covered land play consisting of eight-unit property located at 452 S Bonnie Brae Street just south of 3rd Street in Westlake, one of the rapidly revitalizing submarkets in Los Angeles. This unique investment opportunity features two structures with a combined total of 4,343 square feet of improvements, situated on a 7,870 square foot lot zoned R4-1. These properties include one spacious studio and seven one-bedroom, one-bathroom units. Tenants in this neighborhood enjoy the convenience of nearby amenities including schools, parks, and shopping centers. Additionally, this property offers easy access to major highways 101 and 110, as well as transportation routes such as the Metro Red, Purple, Blue, and Expo lines. Residents can easily commute to neighboring areas such as Koreatown, Silver Lake, Downtown, and Echo Park. This rare opportunity will allow savvy investors to substantially increase cash flow by pursuing a redevelopment plan in the future while generating income on the existing structure.