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$ 950,000
Est. payment | /mo
4 Beds
4,222 SqFt
$ 950,000
Est. payment | /mo
4 Beds
4,222 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,222 sqft
Price per Sqft $225
MLS Listing ID CL26644045
Bedrooms 4
HOA Y/N No
Year Built 1912
Lot Size 6,379 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
Located within a small, privately held residential compound, 1617 S Bonnie Brae St presents an opportunity to acquire a four-unit, two-story multifamily property in a central Los Angeles location. Built in 1912, the property consists of four (4) very large 1BR/1BA units totaling approximately 4,222 square feet on a 6,377 square foot lot. The building is separately metered for electricity, with the landlord responsible for water only. Zoned RD1.5-1 and located within a Historic Preservation Overlay Zone (HPOZ) and TOC Tier 3, the property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). The property is currently tenant-occupied and generating approximately $5,300 in monthly gross rent, offering long-term rental upside for an investor willing to improve operations and address deferred maintenance. The property is part of a unique cluster of four contiguous parcels under common ownership, which may be purchased individually or together as a portfolio. All four parcels can be purchased together for $2,950,000. Buyer to independently verify square footage, unit mix, zoning, rent control applicability, permits, and all development or redevelopment potential. Ideally situated near DTLA, Koreatown, USC, and major transportation corridors. Note: interior photos were limited for privacy reasons as the property is occupied.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Flooring Tile, Carpet
Fireplace No
Exterior
View Y/N true
View City Lights, Trees/Woods
Total Parking Spaces 3
Building
Lot Description Landscaped
New Construction No
Others
Tax ID 5135009014
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Listed by Joseph Bolognese • Saxum West
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Patrick Nagel
REALTOR® | Lic# 1760790