1216 S Bonnie Brae St Los Angeles, CA 90006

$1,950,000 Sold Price as of 06/29/2018

-- Beds
12 Baths
5,589 Sq.Ft.

Off Market

$1,950,000 Sold Price as of 06/29/2018 Refinance Your Mortgage

Map preview of 1216 S Bonnie Brae St, Los Angeles, CA 90006

Property Overview: 1216 S Bonnie Brae St Los Angeles, CA has -- bedrooms, 12 bathrooms, 5,589 living square feet and 5,625 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1216 S Bonnie Brae St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1216 S Bonnie Brae St

Last sold for $1,950,000 on June 29th, 2018

June, 2018
Jun 30, 2018

Date

Sold

CRMLS: 18307388

$1,950,000

Price
May 29, 2018

Date

Active Under Contract

CRMLS: 18307388

$2,175,000

Price
May 7, 2018

Date

Active

CRMLS: 18307388

$2,175,000

Price
Apr 5, 2018

Date

Active Under Contract

CRMLS: 18307388

$2,175,000

Price
Mar 4, 2018

Date

Price Change

CRMLS: 18307388

$2,175,000

Price
Jan 26, 2018

Date

Active

CRMLS: 18307388

$2,250,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale a 12-unit apartment community located at 1216 South Bonnie Brae Street. Positioned just North of Pico Boulevard, the property is situated in Pico-Union, which borders three thriving markets - Koreatown, Downtown, and University Park. The subject property offers investors significant rental upside to the remaining units. Consisting of one, two-story building, the property is situated on a 5,625 Square Foot parcel. The property features 12 one-bedroom units, with three units being delivered vacant. Bonnie Brae features on-site parking (five spaces), on-site laundry and secured access. Due to its 1949 construction, the property is subject to Los Angeles Rent Control statutes.An astute investor should be able to implement a thorough interior renovation program and take advantage of the upside in rental income.

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June, 2018
Jun 29, 2018

Date

Sold (Public Records)

Public Records

$1,950,000

Price
April, 2018
Apr 17, 2018

Date

Expired

CRMLS: 18306470

$2,250,000

Price
Jan 26, 2018

Date

Withdrawn

CRMLS: 18306470

$2,250,000

Price
Jan 24, 2018

Date

Active

CRMLS: 18306470

$2,250,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale a 12-unit apartment community located at 1216 South Bonnie Brae Street. Positioned just North of Pico Boulevard, the property is situated in Pico-Union, which borders three thriving markets - Koreatown, Downtown, and University Park. The subject property offers investors significant rental upside to the remaining units.Consisting of one, two-story building, the property is situated on a 5,625 Square Foot parcel. The property features 12 one-bedroom units, with three units being delivered vacant. Bonnie Brae features on-site parking (five spaces), on-site laundry and secured access. Due to its 1949 construction, the property is subject to Los Angeles Rent Control statutes.An astute investor should be able to implement a thorough interior renovation program and take advantage of the upside in rental income.

Continue Reading
October, 2014
Oct 3, 2014

Date

Sold (Public Records)

Public Records

$1,260,000

Price

Tax History for 1216 S Bonnie Brae St

Assessed Value (2020): $2,029,980

Year	Land Value	Improved Value	Assessed Value
2020	$1,612,620	$417,360	$2,029,980

About 1216 S Bonnie Brae St

Detailed summary of property

1216 S Bonnie Brae St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90006 and last sold on June 29, 2018 for $1,950,000. This property has -- bedrooms, 12 bathrooms, roughly 5,589 living square feet, and sits on an approximately 5,625 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 74.11% higher than the current median priced home. 1216 S Bonnie Brae St was last sold on June 29, 2018 for $1,950,000. Local nearby listings include 1750 Orchard Ave, 1805 S New England St and 940 Elden Ave #402. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1216 S Bonnie Brae St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1216 S Bonnie Brae St

Public county record property details

Beds: --
Baths: 12
Year built: 1949
Sq. Ft.: 5,589
Lot Size: 5,625
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 5137-027-002

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$598

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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(714) 706-1823

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