467 S Bonnie Brae St Case Study
Westlake/MacArthur Park, Los Angeles, CA
The Opportunity
467 S. Bonnie Brae St. is a value-add, non-rent-controlled, 18-unit apartment building built in 1991 in the Westlake/MacArthur Park area. The challenge was marketing the asset competitively despite significant deferred maintenance and elevated operating costs.
The Solution
A focused marketing push generated multiple offers within seven days. We worked closely with the seller to evaluate every offer and identify the strongest buyer.
The Results
The winning buyer had substantial local multifamily ownership and operating experience, with a clear understanding of rehab costs and expense remediation, which made for an expedited, seamless close.
See the full closed sale record for 467 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 467 S Bonnie Brae St sell for?
467 S Bonnie Brae St (Westlake/MacArthur Park, Los Angeles, CA) sold for $3,770,000. The building has 18 units, or about $209,444 per unit, and about $265 per square foot of building area.
What happened in the sale of 467 S Bonnie Brae St?
An 18-unit non-rent-controlled Westlake asset with elevated operating costs drew multiple offers within a week.
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.