236 S Bonnie Brae St Case Study
Westlake/MacArthur Park, Los Angeles, CA
The Opportunity
236 S Bonnie Brae St. is a value-add, non-rent-controlled, 65-unit apartment building built in 1989 in Westlake/MacArthur Park. The challenge was marketing a large property off-market while addressing buyer concerns about deferred maintenance and rents well under current market rates.
The Solution
We brought in a repeat buyer from a previous, comparable transaction, one with proven capacity and speed, allowing us to present the property confidentially off-market and move past the objections that typically slow large multifamily sales.
The Results
The off-market strategy connected the owner with a highly qualified buyer, and the transaction closed smoothly and efficiently.
See the full closed sale record for 236 S Bonnie Brae St.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
Frequently Asked Questions
How much did 236 S Bonnie Brae St sell for?
236 S Bonnie Brae St (Westlake/MacArthur Park, Los Angeles, CA) sold for $15,600,000. The building has 65 units, or about $240,000 per unit, and about $322 per square foot of building area.
What happened in the sale of 236 S Bonnie Brae St?
A large, off-market sale of a 65-unit Westlake building leveraged a proven repeat buyer to move past deferred-maintenance objections.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.