Presenting 427 S. Bonnie Brae Street for sale, in the Westlake submarket of Los Angeles. Bonnie Brae Apartments was constructed in 1961 with 3 floors of apartments over an on-grade parking garage with access from both the front and back of the building. At first impression when walking through the property, it's evident that the building was well built and has good bones. Located on Bonnie Brae St. just north of 6th Street, with Alvarado Blvd. to the West and Union Ave. to the East, the property features 36 apartment units. The unit mix is comprised of 10 studios, 23 1-bed/1-bath units, and 3 2-bed/2-bath units. The improvements are 25,680 square feet, offering tenants large and spacious units. The front of the property is inviting and has an excellent street presence, leading to a secured access lobby and intercom system. Just past the lobby is a large, open-air courtyard that can lend itself to many uses such as; lower units facing the courtyard can have their own private patios, refurbishing of pool, large deck with seating, tranquil water features, or a kid's playground. Attractive Assumable Financing 4.04% IO Until 2027 | Loan amount of $3,450,000