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402 S Bonnie Brae St, Los Angeles, CA 90057
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402 S Bonnie Brae St Los Angeles, CA 90057

$2,300,000 Sold Price as of 05/25/2022
  • 10 Beds
  • 8 Baths
  • 4,480 Sq.Ft.
Sold
$2,300,000 Sold Price as of 05/25/2022 Refinance Your Mortgage
Map preview of 402 S Bonnie Brae St, Los Angeles, CA 90057

Property Overview: 402 S Bonnie Brae St Los Angeles, CA has 10 bedrooms, 8 bathrooms, 4,480 living square feet and 6,370 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an eight (8) unit apartment building located at 402 S Bonnie Brae Street in Los Angeles, California. The subject property is situated in a good Westlake location, south of Beverly Boulevard and east of South Alvarado Street. Built in 1981, this property contains a great unit mix of six (6) one bedroom / one bathroom units and two (2) two bedroom / one bathroom units. This corner-lot property features controlled gated access, well-maintained landscaping, potential to add two (2) ADUs, and eight (8) on-site parking spaces. The units have balcony space, tile floors, and the standard array of amenities. Tenants will enjoy being within short driving distance to incredible restaurant, retail, and recreational amenities. Some of these include Royal Indian Tandoori, Langer's Delicatessen-Restaurant, Mama's International Tamales, Hoho Chicken, The MacArthur, Dynasty Typewriter at the Hayworth, and many more. Outdoor recreation is available just down the street at historic MacArthur Lake Park. The subject property is in a good central location with easy access to the -101, -110, and -10 freeways. Situated in a good Westlake location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential with no rent control in a core market of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: May 27th, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,370
HOA Dues
$0/mo
Year built
1981
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22132213
City
Los Angeles
County
Los Angeles
Time on Site
933 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,406
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,740
  • Total Rent: $1,740
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.08
  • Gross Scheduled Income: --
  • Net Operating Income: $82,496
  • Gross Operating Income: $138,739
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 402 S Bonnie Brae St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Automatic Gate
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: Concrete, Uncovered, Covered, Parking Space
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 8
  • Parcel Number: 5154023021
  • Property Condition: Repairs Cosmetic
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a good Westlake location, south of Beverly Boulevard and east of South Alvarado Street.
View more facts & features

Local Los Angeles Agent

Sale History for 402 S Bonnie Brae St

Last sold for $2,300,000 on May 25th, 2022

  • May, 2022

  • May 25, 2022

    Date

    Sold

    CRMLS: 22132213

    $2,300,000

    Price

  • Mar 1, 2022

    Date

    Active

    CRMLS: 22132213

    $2,600,000

    Price

  • November, 2014

  • Nov 19, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1998

  • Apr 16, 1998

    Date

    Sold (Public Records)

    Public Records

    $185,000

    Price

Show More

Tax History for 402 S Bonnie Brae St

Assessed Value (2020): $274,685
Year Land Value Improved Value Assessed Value
2020 $178,113 $96,572 $274,685

Home Value Compared to the Market

This property vs the competition

402 S Bonnie Brae St sold on May 25, 2022 for 105.36% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $513.39 per/sqft which puts the price per square foot 29.09% lower than the current median sale per square foot for the city of Los Angeles.

About 402 S Bonnie Brae St

Detailed summary of property

402 S Bonnie Brae St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 4,480 living square feet, and sits on an approximately 6,370 square foot lot. 402 S Bonnie Brae St was first listed on ArdentRealEstateGroup.com on March 1, 2022. The homeowner sold the property for $2,300,000. Home 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 105.36% higher than the current median priced home. Local homes that are currently for sale include 2916 Marathon St, 1041 Elden Ave and 942 Menlo Ave. While the average home in Los Angeles, CA is selling in 106 days, 402 S Bonnie Brae St has a days on market of 20 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 402 S Bonnie Brae St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 402 S Bonnie Brae St

Public county record property details
Beds
10
Baths
8
Year built
1981
Sq. Ft.
4,480
Lot Size
6,350
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5154-023-021

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$900,000
Median Sold Price/Sq.Ft.
$515
Total Inventory
16
Median Sale to List Price %
90.91%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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