Westlake Multifamily Investment
326 S Bonnie Brae St, Los Angeles, CA 90057
Historic 5-unit multifamily property in central Westlake, Los Angeles.
Type:Multifamily
Property size:
5,019 SFLot size:
0.15 AcresPrice / SF:
$298/SF- Added:
- Mar 4, 2026
- Days on Market:
- 76
- Last Refresh:
- Apr 5 at 9:45 pm
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
- Year Built
- 1911
Listing agent Elliott Gallahan License #CalDRE #02038135 (626) 240-2785
Listing office Lee & Associates - Pasadena (626) 240-2785
Listing date Mar 4, 2026
Source Lee-associates
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
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.
- Value‑add opportunity through renovations and operational improvements.
- Historic 1911 building features masonry construction and aesthetic character.
- 5,019 SF across two buildings provides operational flexibility.
Overview
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.
Property Profile
Insight Report
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
- -118.266
- Latitude
- 34.0689
Nearby Similar for Sale
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.
