626 S Bonnie Brae St Los Angeles, CA 90057

$2,655,000 Sold Price as of 05/09/2019

-- Beds
-- Baths
11,145 Sq.Ft.

Off Market

$2,655,000 Sold Price as of 05/09/2019 Refinance Your Mortgage

Map preview of 626 S Bonnie Brae St, Los Angeles, CA 90057

Property Overview: 626 S Bonnie Brae St Los Angeles, CA has -- bedrooms, -- bathrooms, 11,145 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

626 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 $1,200,000. The median price per/sqft for Los Angeles is $768. 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 $240,000 for the down payment and will need roughly $24,000 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 $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 626 S Bonnie Brae St

Last sold for $2,655,000 on May 9th, 2019

December, 2022
Dec 28, 2022

Date

Expired

CRMLS: 22221413

$3,100,000

Price
Nov 29, 2022

Date

Active

CRMLS: 22221413

$3,100,000

Price
Listing provided courtesy of CRMLS

This 18-unit apartment community located at 626 South Bonnie Brae Street is an excellent addition to an investor's portfolio. Positioned East of MacArthur Park in the heart of Westlake, the property borders three thriving markets: Koreatown, Downtown, and University Park. Consisting of one (1) three-story building on a 7,500 square foot parcel, 626 S Bonnie Brae features twelve (12) singles and six (6) one-bedroom units. Renovated units feature custom bathroom tile, new flooring throughout, brand new appliances, new kitchen & bathroom cabinets, and engineered wood floors. These renovated units are achieving high premiums over the average in-place rents. The property also features eight (8) on-site parking spaces, which is uncommon for buildings of this vintage, and brings in additional revenue. Additionally, there is very attractive assumable financing available at a current rate of 4.1% which adjusts to a max of 4.6% in May 2024. Maturity date of June 1st, 2029.

Continue Reading
May, 2019
May 14, 2019

Date

Sold

CRMLS: 19422632

$2,655,000

Price
Apr 5, 2019

Date

Active Under Contract

CRMLS: 19422632

$3,000,000

Price
Mar 21, 2019

Date

Pending

CRMLS: 19422632

$3,000,000

Price
Jan 11, 2019

Date

Active

CRMLS: 19422632

$3,000,000

Price
Listing provided courtesy of CRMLS

Consisting of one, three-story building, the property is situated on a 7,500 Square Foot parcel. The property features 12 Singles and six one-bedroom/one-bathroom units. Bonnie Brae features eight on-site parking spaces, on-site laundry and secured access. Due to its 1918 construction, the property is subject to Los Angeles Rent Control statutes. An astute investor should be able to implement a thorough interior renovation program, continued implementation of the RUBS program, and take advantage of the upside in rental income.

Continue Reading
May, 2019
May 9, 2019

Date

Sold (Public Records)

Public Records

$2,655,000

Price
September, 2015
Sep 25, 2015

Date

Sold (Public Records)

Public Records

$2,000,000

Price

Tax History for 626 S Bonnie Brae St

Assessed Value (2020): $2,710,660

Year	Land Value	Improved Value	Assessed Value
2020	$2,031,840	$678,820	$2,710,660

About 626 S Bonnie Brae St

Detailed summary of property

626 S Bonnie Brae St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90057 and last sold on May 9, 2019 for $2,655,000. This property has -- bedrooms, -- bathrooms, roughly 11,145 living square feet, and sits on an approximately 7,500 square foot lot. Homes 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 137.05% higher than the current median priced home. 626 S Bonnie Brae St was last sold on May 9, 2019 for $2,655,000. Local nearby listings include 1100 Wilshire Blvd #2703, 1100 Wilshire Blvd #2902 and 1100 Wilshire Blvd #2608. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 626 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 626 S Bonnie Brae St

Public county record property details

Beds: --
Baths: --
Year built: 1918
Sq. Ft.: 11,145
Lot Size: 7,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 109
APN: 5142-008-019

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.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote