Multifamily
626 S. Bonnie Brae Street
626 S Bonnie Brae St, Los Angeles, CA 90057
Listing Price: $2,400,000
Investment Overview
The SR Group of 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. The subject property is situated in the middle of 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. Current ownership has renovated 6 of the 18 units featuring renovated bathrooms, new flooring throughout, new appliances, and new kitchen, bathroom cabinets. The property features eight on-site parking spaces.
The remaining value-add potential for a new owner to continue renovating units and streamlining expenses to achieve superior future returns make 626 South Bonnie Brae Street an excellent acquisition opportunity.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
626 S. Bonnie Brae Street
Investment Highlights
- Located in close proximity to major venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues include the LA Coliseum, Crypto.com Arena, & BMO Stadium
- While current ownership completed renovations to 33% of the 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 – providing residents convenient access to employment centers, entertainment, eateries and more
- Located 0.2 miles from the Westlake/MacArthur Park Metro Station – residents benefit from convenient access throughout the city
Exclusively Listed By
Financing By
Listing Price: $2,400,000
Investment Highlights
- Located in close proximity to major venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues include the LA Coliseum, Crypto.com Arena, & BMO Stadium
- While current ownership completed renovations to 33% of the 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 – providing residents convenient access to employment centers, entertainment, eateries and more
- Located 0.2 miles from the Westlake/MacArthur Park Metro Station – residents benefit from convenient access throughout the city
Investment Overview
The SR Group of 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. The subject property is situated in the middle of 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. Current ownership has renovated 6 of the 18 units featuring renovated bathrooms, new flooring throughout, new appliances, and new kitchen, bathroom cabinets. The property features eight on-site parking spaces. The remaining value-add potential for a new owner to continue renovating units and streamlining expenses to achieve superior future returns make 626 South Bonnie Brae Street an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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