Description

844 Bonnie Brae is a non-rent controlled multifamily asset located in LA's Westlake Neighborhood. The property boasts 4 Stories of larger units & gated parking for all tenants. The property is within close proximity to Downtown Los Angeles, Koreatown, & is only a few blocks from MacArthur Park. Billed as Los Angeles' version of New York's Central Park when it was under construction, today MacArthur Park has become much more than the green grass and lake that comprise it. The park and the 2.72 mile area that surrounds it also called Westlake is one of LA's most historic neighborhoods. Victorian homes and apartment complexes characterize the area, but newer developments are going up quickly. On the east side of the park is where you'll find an eclectic mix of bars and restaurants. Big-box stores will take care of most of your retail needs, while entertainment lovers will appreciate the Staples Center residing just across the 110. This property offers an investor immediate returns on their investment, with no rent control & clear upside.