With the expansion of gentrified areas south of Silverlake and Echo Park, Creative Multifamily has remodeled and leased up an apartment building at 306 Bonnie Brae street, one block south of Temple Street. This new property is located within walking distance of Echo Park Lake and shops and restaurants along Sunset Boulevard.
306 Bonnie Brae consists of 9 2-bedroom, 1-bathroom units that have been completely refinished and equipped with modern amenities, brand-new stainless appliances, and in-unit washer and dryer. Each unit has an efficiently designed layout, hardwood floors throughout, and lots of natural light. The property is privately enclosed with bamboo and a beautiful new redwood fence.
Many other developers have also moved South; there are five new large scale apartment projects being developed along Temple Street, with two bedroom rents starting at $2,700 per unit.
Creative Multifamily’s recently renovated an apartment building at 5515-5525 Media Drive in Highland Park, northeast of downtown LA. Highland Park is burgeoning as young, urban creatives flock to the area for its proximity to Downtown, Pasadena, Glendale, and Burbank. This property, surrounded by historical craftsman homes, is situated perfectly for what the neighborhood has to offer. It is close to the Goldline light rail station, retail on Figueroa Street, hip bars, and restaurants that are all revitalizing Highland Park. Recently named one of LA’s hottest up-and-coming markets by Redfin and LA’s greatest neighborhood by LA Weekly, Highland Park now offers the same unique qualities and amenities that have made Silver Lake and Echo Park go-to locations for the hip and creative classes.
The property consists of 2 adjacent buildings composed of 16 units. Each unit is completely remodeled and has its own washer, dryer, and new stainless steel appliances. Some units have unique polished concrete floors and large private patios, almost as large as the units themselves. We also converted some one bedroom units to micro two bedrooms of just over 600 square feet. The layout for each unit was redesigned to maximize living space, emphasize natural light, and accentuate architectural elements. These apartments, with their spacious layouts and modern finishing, are perfect for the young creatives that inhabit Highland Park.