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1616 S Bonnie Brae St, Los Angeles, CA 90006
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1616 S Bonnie Brae St Los Angeles, CA 90006

$1,599,000
  • 44 Beds
  • 28 Baths
  • 4,191 Sq.Ft.
For Sale
$1,599,000 Get Pre-Qualified
Map preview of 1616 S Bonnie Brae St, Los Angeles, CA 90006

Property Overview: 1616 S Bonnie Brae St Los Angeles, CA has 44 bedrooms, 28 bathrooms, 4,191 living square feet and 7,187 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: Centrally located on a quiet residential street in the Pico-Union area of Los Angeles. Near USC, Staples Center, Convention Center, DTLA, public transportation and local freeways. Close to mass transit. The Property consists of two detached buildings. The Front building consists of one studio and Five 1 bedroom 1 bath units. The back building is a 2 bedroom 1 bath unit. 8 car parking. Four newer remodeled units, newer painted exterior, and newer landscaping. This property is a great value with excellent market appreciation in a centrally located, picturesque neighborhood.

Listed by Paresh Lal | BRE #01239876 | Integrity Realtors Inc.
Last checked: 9 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
7,187
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24425875
City
Los Angeles
County
Los Angeles
Time on Site
41 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $579
  • Total Rent: $579
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $516
  • Total Rent: $516
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,230
  • Total Rent: $1,230
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.66
  • Gross Scheduled Income: --
  • Net Operating Income: $95,893
  • Gross Operating Income: $122,703
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1616 S Bonnie Brae St

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Property Details for 1616 S Bonnie Brae St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 7
  • Parcel Number: 5135011003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: VENICE TO BONNIE BRAE
View more facts & features

Local Los Angeles Agent

Sale History for 1616 S Bonnie Brae St

Last sold on March 10th, 2020

  • August, 2024

  • Aug 9, 2024

    Date

    Active

    CRMLS: 24425875

    $1,799,000

    Price

  • March, 2020

  • Mar 10, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2018

  • Dec 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,230,000

    Price

  • November, 2018

  • Nov 2, 2018

    Date

    Expired

    CRMLS: 18370958

    $1,230,000

    Price

  • Oct 1, 2018

    Date

    Active

    CRMLS: 18370958

    $1,230,000

    Price

  • Sep 26, 2018

    Date

    Active Under Contract

    CRMLS: 18370958

    $1,230,000

    Price

  • Sep 25, 2018

    Date

    Price Change

    CRMLS: 18370958

    $1,230,000

    Price

  • Sep 6, 2018

    Date

    Active

    CRMLS: 18370958

    $1,250,000

    Price

  • Aug 29, 2018

    Date

    Active Under Contract

    CRMLS: 18370958

    $1,250,000

    Price

  • Aug 8, 2018

    Date

    Active

    CRMLS: 18370958

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Centrally located on a quiet residential street in the Pico-Union area of Los Angeles. Near USC, Staples Center, Convention Center, DTLA, public transportation and local freeways. The Property consists of two detached buildings. The Front building consists of one studio and Five 1 bedroom 1 bath units. The back building is a 2 bedroom 1 bath unit. 8 car parking. There are currently no vacancies. Four newly remodeled units, newly painted exterior, and new landscaping. This property is a great value with excellent market appreciation in a centrally located, and picturesque neighborhood. Brokers and agents see private remarks for showing info.

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Tax History for 1616 S Bonnie Brae St

Assessed Value (2020): $1,254,600
Year Land Value Improved Value Assessed Value
2020 $1,020,000 $234,600 $1,254,600

Home Value Compared to the Market

This property vs the competition

1616 S Bonnie Brae St is listed 33.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $381.53 per/sqft which puts the price per square foot 50.32% lower than the median price per square foot for the city of Los Angeles.

About 1616 S Bonnie Brae St

Detailed summary of property

1616 S Bonnie Brae St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 44 bedrooms, 28 bathrooms, roughly 4,191 living square feet, and sits on an approximately 7,187 square foot lot. 1616 S Bonnie Brae St was first listed on ArdentRealEstateGroup.com on August 9, 2024. The homeowner is currently asking $1,599,000 and was originally asking $1,799,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 33.25% higher than the median priced home. Local competing homes currently for sale include 2717 Menlo Ave, 1326 S Mariposa Ave and 1455 W 28th St. While the average home in Los Angeles, CA is selling in 106 days, 1616 S Bonnie Brae St has a days on market of 40 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. For more information on this home for sale at 1616 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 1616 S Bonnie Brae St

Public county record property details
Beds
7
Baths
4
Year built
--
Sq. Ft.
4,191
Lot Size
7,185
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
61
APN
5135-011-003

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.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
33
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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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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