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Listed by MIRA GONZAGA, DRE #01181708 • MIRA INIGO GONZAGA
$ 1,149,000
Est. payment /mo
Price Dropped by $50K
221 S Bonnie Brae Los Angeles, CA 90057
7,222 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26198637
Year Built 1949
Lot Size 7,222 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces, Attached Garage, Covered Parking, Garage, Common Parking Area, Gate / Door Opener, Other, Parking Area, Side By Side
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 5154003002
Special Listing Condition Not Applicable
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