1419 S Bonnie Brae St, Los Angeles, CA 90006
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1419 S Bonnie Brae St Los Angeles, CA 90006

$850,000 Sold Price as of 06/09/2023
  • 5 Beds
  • 4 Baths
  • 4,218 Sq.Ft.
Sold
$850,000 Sold Price as of 06/09/2023 Refinance Your Mortgage

Map preview of 1419 S Bonnie Brae St, Los Angeles, CA 90006

Property Overview: 1419 S Bonnie Brae St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 4,218 living square feet and 6,367 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 1419 S Bonnie Brae Street in Los Angeles, California. The subject property is situated in a strong Pico Union location, north of Venice Boulevard and east of Hoover Street. Built in 1922, this property contains a great unit mix of three (3) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit that will be delivered vacant. The building boasts charming, craftsman style architecture. Each unit is spacious and bright with tons of built-in storage and plenty of windows letting in natural light. Select units feature private balcony space. The property has fully parked on-site parking along with four (4) garages spaces in the back that are 100% vacant and ready to rent for immediate income or convert in multiple ADU unit(s). Tenants will enjoy being within short driving distance to all major destinations in Los Angeles. Downtown is less than three (3) miles away and Koreatown is less than two (2) miles away, making this property a young professional's dream. Situated in a strong Pico Union location, this offering presents an excellent opportunity for any investor capitalize on a highly leveraged 30-year fixed residential loan with a possible owner-user play while collecting immediate upside by either renting out the vacant garage spaces or converting them into multiple ADU(s).

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: June 14th, 2023 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
6,367
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23262483
City
Los Angeles
County
Los Angeles
Time on Site
347 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,333
  • Total Rent: $1,333
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,029
  • Total Rent: $1,029
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,048
  • Total Rent: $1,048
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: 13.08
  • Gross Scheduled Income: --
  • Net Operating Income: $50,702
  • Gross Operating Income: $72,314
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1419 S Bonnie Brae St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Wood
Interior Features
  • Security Features: Automatic Gate, 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: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Controlled Entrance, Parking Space, Gated, Tandem Garage, Uncovered, Covered
Lot Information
  • Lot Features: Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5135007016
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a strong Pico Union location, north of Venice Boulevard and east of Hoover Street.
View more facts & features

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Sale History for 1419 S Bonnie Brae St

Last sold for $850,000 on June 9th, 2023
  • June, 2023

  • Jun 9, 2023

    Date

    Sold

    CRMLS: 23262483

    $850,000

    Price

  • Apr 20, 2023

    Date

    Active

    CRMLS: 23262483

    $975,000

    Price

  • June, 2006

  • Jun 12, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2005

  • Jan 5, 2005

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

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Tax History for 1419 S Bonnie Brae St

Assessed Value (2020): $637,263
Year Land Value Improved Value Assessed Value
2020 $509,817 $127,446 $637,263

Home Value Compared to the Market

This property vs the competition

1419 S Bonnie Brae St sold on June 9, 2023 for 18.07% 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 $231.15 per/sqft which puts the price per square foot 69.38% lower than the current median sale per square foot for the city of Los Angeles.

About 1419 S Bonnie Brae St

Detailed summary of property

1419 S Bonnie Brae St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 4,218 living square feet, and sits on an approximately 6,367 square foot lot. 1419 S Bonnie Brae St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $850,000. 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 18.07% lower than the current median priced home. Local homes that are currently for sale include 2010 Valley St, 235 Crandall St and 2305 W 2nd St. While the average home in Los Angeles, CA is selling in 94 days, 1419 S Bonnie Brae St has a days on market of 18 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1419 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 1419 S Bonnie Brae St

Public county record property details
Beds
5
Baths
5
Year built
1922
Sq. Ft.
4,218
Lot Size
6,367
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5135-007-016

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.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
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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Related Resources to 1419 S Bonnie Brae St

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.