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1417 S Bonnie Brae St, Los Angeles, CA 90006
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1417 S Bonnie Brae St Los Angeles, CA 90006

$2,000,000
  • 12 Beds
  • 8 Baths
  • 7,438 Sq.Ft.
For Sale
$2,000,000 Get Pre-Qualified
Map preview of 1417 S Bonnie Brae St, Los Angeles, CA 90006

Property Overview: 1417 S Bonnie Brae St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 7,438 living square feet and 6,368 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: Exceptional investment opportunity! This 8-unit apartment complex is now available for sale, offering a prime location just minutes from Downtown Los Angeles (DTLA). Situated in a vibrant neighborhood known for its lively nightlife, proximity to freeways, and abundant shopping and dining options, this property is a standout choice for investors seeking to capitalize on the city's bustling urban scene. With its strategic location and strong rental demand, this property promises both immediate and long-term returns. Don't miss this chance to own a piece of LA's dynamic real estate market!

Listed by Shiva Mehrdad | BRE #01279649 | Power Brokers
Last checked: 12 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 18
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Home details

Lot Sq. Ft
6,368
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24380937
City
Los Angeles
County
Los Angeles
Time on Site
18 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,511
  • Total Rent: $1,511
  • Pro Forma/Market Rent: $1,768
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $910
  • Total Rent: $910
  • Pro Forma/Market Rent: $1,768
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $919
  • Total Rent: $919
  • Pro Forma/Market Rent: $1,768
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,519
  • Total Rent: $2,519
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $1,768
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $890
  • Total Rent: $890
  • Pro Forma/Market Rent: $1,768
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,110
  • Total Rent: $3,110
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,442
  • Total Rent: $1,442
  • Pro Forma/Market Rent: $1,768
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.75
  • Gross Scheduled Income: --
  • Net Operating Income: $110,429
  • Gross Operating Income: $13,070
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1417 S Bonnie Brae St

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 8
  • Parcel Number: 5135007015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: BETWEEN VENICE BLVD AND S. BONNIE BRAE ST
View more facts & features

Local Los Angeles Agent

Sale History for 1417 S Bonnie Brae St

Last sold for $1,025,000 on April 9th, 2015

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: 24380937

    $2,000,000

    Price

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: 19419596

    $1,675,000

    Price

  • Dec 27, 2019

    Date

    Withdrawn

    CRMLS: 19419596

    $1,675,000

    Price

  • Dec 24, 2019

    Date

    Active

    CRMLS: 19419596

    $1,675,000

    Price

  • Dec 14, 2019

    Date

    Hold

    CRMLS: 19419596

    $1,675,000

    Price

  • Dec 12, 2019

    Date

    Active

    CRMLS: 19419596

    $1,675,000

    Price

  • Dec 2, 2019

    Date

    Hold

    CRMLS: 19419596

    $1,675,000

    Price

  • Oct 29, 2019

    Date

    Active

    CRMLS: 19419596

    $1,675,000

    Price

  • Sep 10, 2019

    Date

    Active Under Contract

    CRMLS: 19419596

    $1,675,000

    Price

  • Jan 4, 2019

    Date

    Active

    CRMLS: 19419596

    $1,675,000

    Price

  • Listing provided courtesy of CRMLS

    Add-Value property. Actual Gross Annual Income - $141,171. This property was built as a hotel/motel and was converted years ago into an eight units apartment building, however some of the layout of a motel is still there. The zoning does not allow a motel anymore on this property. This cash cow is located in a changing area - south of Korea Town and north of USC. The current owner remodeled some of the units and re-stucco the front. In addition he increased the income significantly, although there is still room to add value. If you have any question, feel free to call the listing agent.

  • April, 2015

  • Apr 9, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,025,000

    Price

  • October, 2012

  • Oct 17, 2012

    Date

    Sold (Public Records)

    Public Records

    $795,007

    Price

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Tax History for 1417 S Bonnie Brae St

Assessed Value (2020): $1,127,687
Year Land Value Improved Value Assessed Value
2020 $789,035 $338,652 $1,127,687

Home Value Compared to the Market

This property vs the competition

1417 S Bonnie Brae St is listed 61.94% higher 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 $268.89 per/sqft which puts the price per square foot 65.26% lower than the median price per square foot for the city of Los Angeles.

About 1417 S Bonnie Brae St

Detailed summary of property

1417 S Bonnie Brae St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 12 bedrooms, 8 bathrooms, roughly 7,438 living square feet, and sits on an approximately 6,368 square foot lot. 1417 S Bonnie Brae St was first listed on ArdentRealEstateGroup.com on April 17, 2024. The homeowner is currently asking $2,000,000. 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 61.94% higher than the median priced home. Local competing homes currently for sale include 744 S Carondelet St, 577 Venice Boulevard and 2740 James M Wood. While the average home in Los Angeles, CA is selling in 94 days, 1417 S Bonnie Brae St has a days on market of 18 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 1417 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 1417 S Bonnie Brae St

Public county record property details
Beds
8
Baths
8
Year built
1910
Sq. Ft.
7,438
Lot Size
6,367
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5135-007-015

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.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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