626 S Bonnie Brae St - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$2,400,000 USD
213-943-1897
626 S Bonnie Brae St, Los Angeles, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/4
null | 5.25% Cap Rate

626 S Bonnie Brae St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Near major venues of the 2028 LA Olympics “Downtown Sports Park,” including LA Coliseum, Crypto.com Arena, and BMO Stadium
  • With 33% of units renovated, investors can further upgrade and increase income on unrenovated units
  • Eight On-Site Parking Spaces, On-Site Laundry, and Secured Access
  • 33% of units are one-bedroom units
  • With a Walk Score of 96 (Walker's Paradise)—residents enjoy easy access to employment centers, entertainment, and dining
  • Located 0.2 miles from the Westlake/MacArthur Park Metro Station – residents benefit from convenient access throughout the city

OVERVIEW

PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an 18-unit apartment community located at 626 South Bonnie Brae Street. The subject property is situated in the middle of Westlake, which borders three thriving markets – Koreatown, Downtown, and University Park. Consisting of one, three-story building on a 7,500 square foot parcel, the subject property features 12 singles and six one-bedroom units. Current ownership has renovated 6 of the 18 units featuring renovated bathrooms, new flooring throughout, new appliances, and new kitchen, bathroom cabinets. The property features eight on-site parking spaces. The remaining value-add potential for a new owner to continue renovating units and streamlining expenses to achieve superior future returns make 626 South Bonnie Brae Street an excellent acquisition opportunity.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

18

PRICE/UNIT

$133,333

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 18-Unit Value-Add in Westlake | 8.63 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

LAC1

APN/PARCEL ID

5142-008-019

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.