$10,000 Closing Credit¹
#OC24119726, Emir Abdo, Listing Office: Redly, Inc.
#OC25041643·
Listing Office: NorthMarq Realty Services, Inc·
Listing Agent: Parker Boehle·
Listing Office Phone: 310-988-8361
$1,175,000 List price
227 S Bonnie Brae St Los Angeles, CA 90057
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 227 S Bonnie Brae St
Located in Westlake, 227 S. Bonnie Brae offers an ideal opportunity to acquire a value-add, cash flowing 8-unit property. The property is currently operating at a 5.26& Cap Rate and 10.5 GRM with tons of upside in rental income! Built in 1956, the Bonnie Brae apartments have been well maintained by ownership. Four of the units have been renovated with new flooring, cabinets, fixtures, and bathrooms, allowing management to achieve top of the market rent at $1,595/month for multiple units. All units are Studios measuring roughly 345 Sq.Ft. There is roughly 31% upside remaining in monthly rents. The property sits on a massive lot, totaling just under 7,300 Sq.Ft, which allows for an incredible opportunity for ADU's or redevelopment. The rear lot is currently being used for roughly (12) total parking spaces and is zoned R3. Surrounded by numerous modern developments, the Bonnie Brae apartments are only minutes away from Crypto.Com Arena, LA Live, the LA Metro Station, the booming Echo Park, BMO Stadium, as well at the 101/110 Freeways.
Highlights
Home typeCondominium
StatusActive
Lot size0.1656 Acres
Year built1956
MLS #OC25041643
Summary
- MLS Number: OC25041643
- MLS Name: CRMLS
- Office Name: NorthMarq Realty Services, Inc
- Office Phone: (310) 988-8361
- Listing Agent: Parker Boehle
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,175,000
227 S Bonnie Brae St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 05, 2017 | Home Sold | $835,000 |
| Jun 18, 2003 | Home Sold | $329,500 |
| Dec 02, 1988 | Home Sold | $260,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $951,682 | $12,379 |
| 2023 | $933,054 | $12,156 |
| 2022 | $914,791 | $11,625 |
| 2021 | $896,886 | $11,480 |
| 2020 | $886,107 | $11,157 |
| 2019 | $868,734 | $11,015 |
| 2018 | $851,700 | $5,688 |
| 2017 | $411,180 | $5,688 |
History based on county public records data.
Nearby schools
4
Union Avenue Elementary
Public District PK-5
0.1 mi
•150 S Burlington Ave
4
N.E.W. Academy of Science and Arts
Public Charter KG-5
0.4 mi
•379 Loma Dr
4
Gratts Learning Academy for Young Scholars (GLAYS)
Public District 2-6
0.6 mi
•309 Lucas Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,649. Residents of Los Angeles, CA typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
74%
<35k
25%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
53%
Single, No Kids
14%
Single, with Kids
16%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
33%
18-34 yrs old
28%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 227 S Bonnie Brae St
This home is located at 227 S Bonnie Brae St in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $1,175,000.
While more than 212 listings in Los Angeles, CA in February 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 280 were sold below. The inventory of homes for sale in Los Angeles, CA between January and February 2025 increased by 10.8%. The median list price of listings available in February 2025 was $989,396, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.