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1050 S Bonnie Beach Pl, Los Angeles, CA 90023
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1050 S Bonnie Beach Pl Los Angeles, CA 90023

$1,100,000
  • 7 Beds
  • 3 Baths
  • 2,890 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 1050 S Bonnie Beach Pl, Los Angeles, CA 90023

Property Overview: 1050 S Bonnie Beach Pl Los Angeles, CA has 7 bedrooms, 3 bathrooms, 2,890 living square feet and 7,451 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 9 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
7,451
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24380535
City
Los Angeles
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,628
  • Total Rent: $2,628
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,570
  • Total Rent: $2,570
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,164
  • Total Rent: $3,164
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.86%
  • Gross Rent Multiplier: 10.96
  • Gross Scheduled Income: --
  • Net Operating Income: $75,431
  • Gross Operating Income: $97,333
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1050 S Bonnie Beach Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Multi/Split
  • 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 Parking Spaces: 8
  • Has Parking
  • Parking Features: Uncovered, Carport, Covered
Lot Information
  • Lot Features: Landscaped, Rectangular Lot
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5236007016
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in an ideal East Los Angeles location, north of the -5 freeway and east of the -101 freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 1050 S Bonnie Beach Pl

Last sold for $725,000 on January 20th, 2021

  • April, 2024

  • Apr 15, 2024

    Date

    Active

    CRMLS: 24380535

    $1,200,000

    Price

  • January, 2021

  • Jan 20, 2021

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

  • May, 2019

  • May 22, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1050 S Bonnie Beach Pl

Assessed Value (2020): $76,116
Year Land Value Improved Value Assessed Value
2020 $18,127 $57,989 $76,116

Home Value Compared to the Market

This property vs the competition

1050 S Bonnie Beach Pl is listed 10.93% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $380.62 per/sqft which puts the price per square foot 50.82% lower than the median price per square foot for the city of Los Angeles.

About 1050 S Bonnie Beach Pl

Detailed summary of property

1050 S Bonnie Beach Pl is a multi family located in Los Angeles, CA 90023 and is currently for sale. This multi family property offers 7 bedrooms, 3 bathrooms, roughly 2,890 living square feet, and sits on an approximately 7,451 square foot lot. 1050 S Bonnie Beach Pl was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $1,100,000 and was originally asking $1,200,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.93% lower than the median priced home. Local competing homes currently for sale include 801 N Hazard, 843 N Gage Ave and 929 N Rowan Ave. While the average home in Los Angeles, CA is selling in 94 days, 1050 S Bonnie Beach Pl has a days on market of 23 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1050 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 1050 S Bonnie Beach Pl

Public county record property details
Beds
6
Baths
5
Year built
1927
Sq. Ft.
2,890
Lot Size
7,461
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
126
APN
5236-007-016

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%)

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Homes for Sale Near 1050 S Bonnie Beach Pl

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Recently Sold Homes Near 1050 S Bonnie Beach Pl

1017 S Bonnie Beach Pl, Los Angeles, CA 90023
$1,050,000 Last Sold Price
7 Beds
4 Baths
3085 Sq.Ft.
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948 S Bonnie Beach Pl, Los Angeles, CA 90023
$750,000 Last Sold Price
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3 Baths
1724 Sq.Ft.
948 S Bonnie Beach Pl
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928 S Record Ave, Los Angeles, CA 90023
$765,000 Last Sold Price
6 Beds
3 Baths
2550 Sq.Ft.
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945 Record Ave, Los Angeles, CA 90023
$1,100,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
945 Record Ave
Los Angeles, CA 90023

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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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