BONNIE BRAE APARTMENTS
Opened in November 2010 and located in the Westlake district, the 53-unit building, known as the Bonnie Brae Apartments, consists of one, two, three, and four bedroom floor plans. The property was funded using Transit Oriented Development Funds (“TOD”), as well as multiple other funding sources. It was the first building completed in the State of California using TOD funding. The location is ideal for tenants. The Red Line McArthur Park stop is located within a quarter mile and all tenants receive a transit pass free of charge. Designed by PSL Architects in the Spanish style, the 6-story structure adds an element of sophistication and elegance to the surrounding area. Bonnie Brae features ample open space consisting of a second floor courtyard and a 1,000 square foot community terrace overlooking the area with views of Downtown Los Angeles. The building also provides for a fully furnished Community Room and Computer Learning Center. Each of the units is individually wired for high speed Internet.
Developer | American Communities
Location | 505 South Bonnie Brae Street, Los Angeles
Units | 53
Total Development Cost | $25,517,813
Per Unit Cost | $481,468
Time to Complete | 22 Months
Status | Completed, October 2010
Funding | 9% Tax Credit, HCD TOD, HCIDLA, CRA/LA
Housing Type | Large Family
Sustainable Features | Formaldehyde Free Cabinets, Energy Star Kitchen Appliances, Low-Flow Toilets and Sinks, Energy Efficient Vinyl Windows, Natural Linoleum, No Volatile Organic Compound Flooring and Carpet and Rug Institute Green Carpeting.