221 S Bonnie Brae St - Apartments FOR SALE


Los Angeles, CA 90057- Westlake North
$1,199,000 USD
323-304-9898
221 S Bonnie Brae St, Los Angeles, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/3
null | 4.32% Cap Rate

221 S Bonnie Brae St
Los Angeles, CA 90057
Westlake North


HIGHLIGHTS

  • Fully occupied six-unit apartment property providing immediate in-place occupancy.
  • Each unit features separate water, gas, and electric meters along with individual water heaters.
  • Updated electrical infrastructure has been completed by ownership.
  • Common-area laundry facility offers potential supplemental income.
  • Street-to-alley lot configuration provides functional access and parking accommodations.
  • Located between Beverly Boulevard and West 3rd Street with convenient access to Downtown Los Angeles, Koreatown, and surrounding employment centers.

OVERVIEW

221 S Bonnie Brae Street presents the opportunity to acquire a fully occupied 6-unit multifamily asset in the heart of Los Angeles' Westlake/Downtown L.A. submarket. Situated between Beverly Boulevard and West 3rd Street, west of Alvarado Street, the property benefits from proximity to Downtown Los Angeles, Koreatown, Echo Park, employment centers, public transportation, retail amenities, and major regional thoroughfares. The property is with six occupied apartment units positioned on a lot that extends from the street to the alley, providing functional access and parking accommodations. Owner has updated the electrical panel per insurance requirements. Each unit is individually metered for electricity, gas, and features its own water heater per unit, helping streamline utility management and expense allocations. Residents benefit from on-site parking and a common-area laundry facility that provides an additional revenue component. The property includes six parking spaces, consisting of garage and uncovered parking options accessible from the rear alley. A newly constructed building adjacent to the property reflects ongoing investment activity within the immediate neighborhood.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,833

CAP RATE

4.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,222 SF

ZONING

LAR3

APN/PARCEL ID

5154-001-024

ASK ABOUT THIS PROPERTY

Mira GonzagaMagic RealtyMore Info
323-304-9898

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Mira GonzagaMagic RealtyMore Info
323-304-9898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.