326 S Bonnie Brae St Los Angeles, CA 90057
Historic 5-unit multifamily property in central Westlake, Los Angeles.
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 features masonry construction and contains five units within two buildings, totaling approximately 5,019 square feet on a 6,509-square-foot parcel. The location is in a high-density infill submarket, one mile from MacArthur Park, downtown Los Angeles jobs, and Metro stations. The LAR4 zoning allows for additional units, and the existing lot supports one to two ADUs, pending city approval and permitting. The property offers a value-add opportunity with income uplift potential through renovations and operational optimizations. There is an estimated 20% rent upside achievable through interior refreshes on natural turnover, including kitchens, baths, flooring, and appliances. All units are month-to-month under RSO. The property has driveway-only parking, supplemented by on-street availability. Cosmetic capital expenditure opportunities exist in the front house and back unit, but no structural issues have been flagged. The central location in a high-demand infill market ensures consistent occupancy and long-term holding viability.
Location Intelligence
Current Use by Public Records
Pressure Washing Los ...
Landscaping
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 - Historic 5-unit multifamily property in central Westlake, Los Angeles.
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 income uplift potential with approximately 20% rent upside achievable through renovations.; - Prime Central Westlake location, a high-demand infill market.; - ADU conversion potential, LAR4 zoning allows for the addition of 1-2 ADUs, pending city approval.
