$1,199,000/mo

221 S Bonnie Brae, Los Angeles, CA 90057

4,411 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1949
7,222sqft lot
4 car garage
$272/sqft
Listed 14 days ago

Property Description

221 S Bonnie Brae Street presents the opportunity to acquire a fully occupied 6-unit multifamily asset in the heart of Los Angeles' Westlake/Downtown L.A. submarket. Situated between Beverly Boulevard and West 3rd Street, west of Alvarado Street, the property benefits from proximity to Downtown Los Angeles, Koreatown, Echo Park, employment centers, public transportation, retail amenities, and major regional thoroughfares. The property is with six occupied apartment units positioned on a lot that extends from the street to the alley, providing functional access and parking accommodations. Owner has updated the electrical panel per insurance requirements. Each unit is individually metered for electricity, gas, and features its own water heater per unit, helping streamline utility management and expense allocations. Residents benefit from on-site parking and a common-area laundry facility that provides an additional revenue component. The property includes six parking spaces, consisting of garage and uncovered parking options accessible from the rear alley. A newly constructed building adjacent to the property reflects ongoing investment activity within the immediate neighborhood.