Westlake Multifamily Investment
For Sale
$1,500,000
326 S Bonnie Brae St, Los Angeles, CA 90057
Historic 5-unit multifamily property in central Westlake, Los Angeles.
Property Size5,019 SF
Lot Size0.15 Acres
Price / SF$298.86
Days on Market174
Property Features for 326 S Bonnie Brae St
General Information
Standard status
Active
Size
5,019 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Building Details
Building Size
5,019 SF
Year Built
1911
Listing Agency:
Lee & Associates - Pasadena
(626) 240-2785
Listed By:
Elliott Gallahan · License #CalDRE #02038135
Source:
Lee-associates
Added: Mar 4
Changed: Aug 23
Last Checked: Aug 24 at 3:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Pasadena
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,695
Businesses Nearby
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
