326 S Bonnie Brae St Los Angeles, CA 90057

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.