326 S Bonnie Brae St 5 Unit Apartment Building $2,093,880 CAD ($418,776 CAD/Unit) Los Angeles, CA 90057

Situated in the rapidly transforming Westlake neighborhood just west of Downtown Los Angeles, 326 S. Bonnie Brae Street offers an exceptional covered land or redevelopment opportunity in one of the city’s most centrally located and transit-rich submarkets. The property sits on a 6,509-square-foot lot zoned R4-1 within a Tier 3 Transit Oriented Communities (TOC) zone, providing significant multifamily development potential.
Under current zoning, the site allows approximately 16 units by-right, with the ability to build up to 27 units utilizing TOC incentives for density, FAR (up to 3.75:1), and height bonuses. This high-density zoning, combined with the parcel’s infill location and flat topography, makes it ideal for ground-up apartment construction or adaptive reuse with ADU expansion.
Located in a high-demand rental market driven by proximity to Downtown Los Angeles, Koreatown, and major employment centers, the asset benefits from strong transit access—just blocks from Metro Red and Purple Lines, major bus corridors, and quick freeway connections via the 110 and 101. Nearby developments and ongoing investment in Westlake’s housing stock underscore the neighborhood’s continued upward trajectory.
While the existing five-unit structure generates modest interim income, the true value lies in the long-term redevelopment potential and zoning flexibility. Investors can capitalize on density bonus programs and the site’s “underbuilt” status to deliver a modern multifamily community with lasting income growth and appreciation.
326 S. Bonnie Brae Street represents a rare opportunity to acquire a high-density infill site with meaningful upside in a transit-priority corridor of Los Angeles—perfect for developers seeking entitled land or investors pursuing a strategic covered land play.