Shovel-Ready 30-Unit Development
For Sale
Contact for pricing
329 S Bonnie Brae St, Los Angeles, CA 90057
7,513 SF LAR4 lot in a TOC Tier 3 Opportunity Zone with fully developed plans for 30 units.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market121
Property Features for 329 S Bonnie Brae St
General Information
Standard status
Active
Lot size
0.17 Acres
Property subtype
Multifamily, Land
Zoning
LAR4
Additional Details
Opportunity Zone
Yes
Listing Agency:
Vanguard Investments Inc
Listed By:
Arthur Arejian · License #CA 01037335
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 12:55AM
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 Vanguard Investments Inc
Investment Insights
Based on property information with market context.
A 7,513 SF development site zoned LAR4, offered for the construction of a 30-unit multi-family project. The seller states plans are fully developed and will be delivered RTI/shovel ready by the close of escrow. The site is located in a TOC Tier 3 zone and within an Opportunity Zone, and the development contemplates TOC Tier 3 density bonus benefits, including reduced parking requirements. The proposed unit mix includes 10 studio units, 15 one-bedroom/two units? (source says 1 Bedroom-1 Bathroom), and 5 two-bedroom/two-bathroom units, with unit sizes ranging from 476 to 912 square feet. The plans also call for 3 low-income units in connection with the density bonus.
The property is described as being located in the heart of Westlake near Downtown Los Angeles, near the corner of 3rd St and Bonnie Brae Ave.
This offering is presented as a development opportunity with a defined unit program and submitted development planning intended to move forward quickly upon closing.
The property is described as being located in the heart of Westlake near Downtown Los Angeles, near the corner of 3rd St and Bonnie Brae Ave.
This offering is presented as a development opportunity with a defined unit program and submitted development planning intended to move forward quickly upon closing.
Key Highlights
- 30‑unit development site at 329 S Bonnie Brae St, Los Angeles, CA 90057
- 7,513 SF lot zoned LAR4 in a TOC Tier 3 zone and Opportunity Zone
- RTI/shovel‑ready plans delivered by close of escrow for a 30‑unit project
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,096
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 7,513 SF LAR4 lot in a TOC Tier 3 Opportunity Zone with fully developed plans for 30 units.
Where is this residential land & home lot located?
The property is located at 329 S Bonnie Brae St Los Angeles, CA.
What are key features of this property?
This property features: 30‑unit development site at 329 S Bonnie Brae St, Los Angeles, CA 90057; 7,513 SF lot zoned LAR4 in a TOC Tier 3 zone and Opportunity Zone; RTI/shovel‑ready plans delivered by close of escrow for a 30‑unit project
