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1017 S Bonnie Beach Pl, Los Angeles, CA 90023
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1017 S Bonnie Beach Pl Los Angeles, CA 90023

$1,050,000 Sold Price as of 11/01/2023
  • 7 Beds
  • 4 Baths
  • 3,085 Sq.Ft.
Sold
$1,050,000 Sold Price as of 11/01/2023 Refinance Your Mortgage
Map preview of 1017 S Bonnie Beach Pl, Los Angeles, CA 90023

Property Overview: 1017 S Bonnie Beach Pl Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,085 living square feet and 8,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a four (4) unit apartment building located at 1017 S Bonnie Beach Place in Los Angeles, California. The subject property is situated in a great East Los Angeles location, south of Whittier Boulevard and east of S Indiana St. Built in 1949, this property contains a great unit mix of one (1) one-bedroom / one-bathroom unit, two (2) two-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom detached house with a bonus sunroom. The property will be delivered 100% vacant for immediate renovation. There are three (3) garages, and one (1) utility room with its own dedicated full bathroom and shower. There is a great opportunity to convert the utility room, the sunroom, or the garages into multiple ADU unit(s). Tenants will love living in a quiet residential neighborhood adjacent to Downtown and the Arts District. Great retail, restaurant, and entertainment amenities are available across Whittier Boulevard to the north, and E Olympic Boulevard to the south. Outdoor recreation is available just down the street at Salazar Park. Situated in a great East Los Angeles location, this offering presents an excellent opportunity for any investor capitalize on 100% vacancy for immediate renovation, and adding multiple ADU unit(s) in a strong rental market free from Los Angeles city municipality and rent control.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: November 2nd, 2023 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
8,000
HOA Dues
$0/mo
Year built
1949
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
23311337
City
Los Angeles
County
Los Angeles
Time on Site
246 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.2%
  • Gross Rent Multiplier: 10.55
  • Gross Scheduled Income: --
  • Net Operating Income: $78,814
  • Gross Operating Income: $103,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1017 S Bonnie Beach Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Room Information
  • Flooring: Wood
  • Sun, Utility Room
Kitchen Information
  • Has Appliances
  • Built-In
Interior Features
  • Levels: Two
  • Window Features: Bay Window(s)
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage, Driveway, Uncovered, Tandem Garage, Side by Side, RV Potential, Gated
Lot Information
  • Lot Features: Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5239019019
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a great East Los Angeles location, south of Whittier Boulevard and east of S Indiana St.
View more facts & features

Local Los Angeles Agent

Sale History for 1017 S Bonnie Beach Pl

Last sold for $1,050,000 on November 1st, 2023

  • November, 2023

  • Nov 1, 2023

    Date

    Sold

    CRMLS: 23311337

    $1,050,000

    Price

  • Sep 14, 2023

    Date

    Active

    CRMLS: 23311337

    $1,095,000

    Price

  • August, 2023

  • Aug 30, 2023

    Date

    Sold

    CRMLS: DW23092784

    $880,000

    Price

  • May 26, 2023

    Date

    Active

    CRMLS: DW23092784

    $820,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing your next Investment Property! This amazing Quadruplex (4 units) is located in East Los Angeles with 3,085 sqft of living space and sitting on an 8,000 sf lot! Three out of four units are 2 BD/ 1 BA and one unit is a 1 BD/ 1 BA. It has a 3- car garage with alley access that can be used for parking or ADU potential. There is a laundry room next to garage. Property is a Fixer-Upper and needs some TLC. Don't let this opportunity pass you by! Call for an appointment today!

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Tax History for 1017 S Bonnie Beach Pl

Assessed Value (2020): $77,505
Year Land Value Improved Value Assessed Value
2020 $21,041 $56,464 $77,505

Home Value Compared to the Market

This property vs the competition

1017 S Bonnie Beach Pl sold on November 1, 2023 for 7.98% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $354.94 per/sqft which puts the price per square foot 52.99% lower than the current median sale per square foot for the city of Los Angeles.

About 1017 S Bonnie Beach Pl

Detailed summary of property

1017 S Bonnie Beach Pl is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,085 living square feet, and sits on an approximately 8,000 square foot lot. 1017 S Bonnie Beach Pl was first listed on ArdentRealEstateGroup.com on September 14, 2023. The homeowner sold the property for $1,050,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.98% lower than the current median priced home. Local homes that are currently for sale include 3333 Whittier Blvd, 801 N Hazard and 830 N Bonnie Beach Pl. While the average home in Los Angeles, CA is selling in 92 days, 1017 S Bonnie Beach Pl has a days on market of 19 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1017 S Bonnie Beach Pl Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1017 S Bonnie Beach Pl

Public county record property details
Beds
7
Baths
4
Year built
1949
Sq. Ft.
3,085
Lot Size
7,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
160
APN
5239-019-019

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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