427 S Bonnie Brae St Los Angeles, CA 90057

$--

-- Beds
-- Baths
25,680 Sq.Ft.

Off Market

Map preview of 427 S Bonnie Brae St, Los Angeles, CA 90057

Property Overview: 427 S Bonnie Brae St Los Angeles, CA has -- bedrooms, -- bathrooms, 25,680 living square feet and 15,014 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

427 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 $1,249,000. The median price per/sqft for Los Angeles is $772. 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 $249,800 for the down payment and will need roughly $24,980 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 $52,500. 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 427 S Bonnie Brae St

Last sold on February 4th, 2000

September, 2023
Sep 18, 2023

Date

Expired

CRMLS: 23236318

$6,300,000

Price
Jan 26, 2023

Date

Active

CRMLS: 23236318

$7,200,000

Price
Listing provided courtesy of CRMLS

Presenting 427 S. Bonnie Brae Street for sale, in the Westlake submarket of Los Angeles. Bonnie Brae Apartments was constructed in 1961 with 3 floors of apartments over an on-grade parking garage with access from both the front and back of the building. At first impression when walking through the property, it's evident that the building was well built and has good bones. Located on Bonnie Brae St. just north of 6th Street, with Alvarado Blvd. to the West and Union Ave. to the East, the property features 36 apartment units. The unit mix is comprised of 10 studios, 23 1-bed/1-bath units, and 3 2-bed/2-bath units. The improvements are 25,680 square feet, offering tenants large and spacious units. The front of the property is inviting and has an excellent street presence, leading to a secured access lobby and intercom system. Just past the lobby is a large, open-air courtyard that can lend itself to many uses such as; lower units facing the courtyard can have their own private patios, refurbishing of pool, large deck with seating, tranquil water features, or a kid's playground.The of the major benefits of this property is the attractive in-place financing that can be assumed. At 4.04% interest only fixed until December 2027, new ownership will achieve a 6.75% cash-on-cash return day-1. The total yearly debt service is $139,704 in comparison to current rates at 5.90% which would be $204,022 - a difference of $64,318 per year. Over the remaining life of the loan new ownership will save $289,431. The loan to value is a little higher for the initial term, however, by factoring in the debt savings the LTV is in line with today's market. In addition, a Buyer will also have a lower principal balance in December 2027 when it comes time to refinance.

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February, 2000
Feb 4, 2000

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 427 S Bonnie Brae St

Assessed Value (2020): $1,792,171

Year	Land Value	Improved Value	Assessed Value
2020	$316,201	$1,475,970	$1,792,171

About 427 S Bonnie Brae St

Detailed summary of property

427 S Bonnie Brae St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90057 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 25,680 living square feet, and sits on an approximately 15,014 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Local nearby listings include 1329 Linwood Ave, 226 S Rampart Blvd and 912 S Burlington Ave. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 427 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 427 S Bonnie Brae St

Public county record property details

Beds: --
Baths: --
Year built: 1961
Sq. Ft.: 25,680
Lot Size: 15,014
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 14,15
APN: 5154-027-026

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

$475,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$850,000

Median Sold Price/Sq.Ft.

$647

Total Inventory

Median Sale to List Price %

96.82%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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