326 S Bonnie Brae St Los Angeles, CA 90057
Five-unit property in central Los Angeles with significant income potential.
Property size:
5,019 SFProperty Features for 326 S Bonnie Brae St
General Information
- Size
- 5,019 SF
Building Details
- Year built
- 1911
Source:
Lee-associates
Listing Agent: Elliott Gallahan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Westlake Multifamily Investment Opportunity
Located in the Westlake neighborhood of Los Angeles, 326 S Bonnie Brae Street is a historic multi-family building constructed in 1911. The property comprises five units across approximately 5,019 square feet on a 6,509-square-foot parcel. It is situated in a densely populated urban area with strong rental demand, benefiting from its proximity to downtown employment centers, public transit, and cultural amenities. The property offers a value-add opportunity with income uplift potential through renovations and operational optimizations. The unit mix includes a combination of one- and two-bedroom layouts averaging around 1,000 square feet. In-place rents are substantially below market comparables by an estimated 20 percent. Cosmetic upgrades such as modernized kitchens, bathrooms, flooring, and appliances can enhance value. The property is zoned LAR4 (High Medium Residential), supporting multi-family density and additional units subject to City of Los Angeles approvals. The existing lot supports 1–2 ADUs subject to City approval and permitting. Physical condition shows some deferred maintenance, presenting an opportunity for proactive capex to elevate appeal. Parking is driveway-only, supplemented by plentiful on-street availability. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO), with all leases on month-to-month terms. It is located within a Liquefaction Zone but outside FEMA flood areas.
Location Intelligence
Current Use by Public Records
Pressure Washing Los ...
Pressure Washing Service
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26571
- Latitude
- 34.0689
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FAQs
What type of property is this?
Apartment building - Five-unit property in central Los Angeles with significant income potential.
Where is this apartment building located?
The property is located at 326 S Bonnie Brae St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Significant Rent Upside: Approximately 20% below market rents offer immediate income growth potential.; - ADU Conversion Potential: LAR4 zoning allows for the addition of 1-2 Accessory Dwelling Units (ADUs), subject to city approval.; - Central Westlake Location: High-demand infill location near downtown LA, MacArthur Park, and public transit ensures consistent occupancy.