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

$3,629,000 Sold Price as of 04/19/2019
  • 4 Beds
  • 30 Baths
  • 16,230 Sq.Ft.
Sold
$3,629,000 Sold Price as of 04/19/2019 Refinance Your Mortgage
Map preview of 722 S Bonnie Brae St, Los Angeles, CA 90057

Property Overview: 722 S Bonnie Brae St Los Angeles, CA has 4 bedrooms, 30 bathrooms, 16,230 living square feet and 7,521 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 722 South Bonnie Brae Street is a 30-unit apartment building situated in the Westlake neighborhood of Los Angeles. With a walk score of 94, the property is considered a "Walker's Paradise." The unit mix consists of 26 studios with one-bathroom and a kitchen of approximately 400 square feet and 4 one-bedrooms with one-bathroom of approximately 600 square feet. The three-story structure built of wood-frame and stucco contain central hallways. The property is individually metered for electricity.

Listed by Brent Sprenkle | BRE #01290116 | Berkadia
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
7,521
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18413260
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 30
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 26
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $819
  • Total Rent: $819
  • Pro Forma/Market Rent: $819
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $737
  • Total Rent: $737
  • Pro Forma/Market Rent: $737
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.3
  • Gross Scheduled Income: --
  • Net Operating Income: $145,779
  • Gross Operating Income: $291,025
  • Improvements Total: $1,087,564
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 722 S Bonnie Brae St

Interior Features
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Sprinklers None
Property Information
  • Total # of Units: 30
  • Parcel Number: 5142006003
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Located on South Bonnie Brae Street between 7th Street & West 8th Street
View more facts & features

Local Los Angeles Agent

Sale History for 722 S Bonnie Brae St

Last sold for $4,370,000 on December 30th, 2020

  • December, 2020

  • Dec 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,370,000

    Price

  • August, 2020

  • Aug 30, 2020

    Date

    Expired

    CRMLS: 20564690

    $4,775,000

    Price

  • Mar 17, 2020

    Date

    Hold

    CRMLS: 20564690

    $4,775,000

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: 20564690

    $4,775,000

    Price

  • Listing provided courtesy of CRMLS

    As the exclusive listing agent, I am pleased to offer for sale a 30-unit apartment community located at 722 South Bonnie Brae Street. Positioned just East of MacArthur Park, the property is situated in prime Westlake, which borders three thriving markets - Koreatown, Downtown, and Echo Park. The Westlake neighborhood is one of the fastest growing pockets of Los Angeles. With a 92 Walk Score and an 84 Transit Score, the building's location offers residents access to top job centers in Los Angeles, an emerging dining and nightlife scene along with plentiful recreational and cultural amenities. Consisting of 26 studios and four one-bedroom units, the property will be delivered with a total of 12 vacant units, providing new ownership the immediate opportunity to renovate and achieve additional rental premiums. Additionally, three of the studio units have been renovated and leased at market rental rates which demonstrates proof of concept at market rental rates.

  • April, 2019

  • Apr 22, 2019

    Date

    Sold

    CRMLS: 18413260

    $3,629,000

    Price

  • Feb 12, 2019

    Date

    Pending

    CRMLS: 18413260

    $3,895,000

    Price

  • Dec 5, 2018

    Date

    Active

    CRMLS: 18413260

    $3,895,000

    Price

  • April, 2019

  • Apr 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,629,000

    Price

Show More

Tax History for 722 S Bonnie Brae St

Assessed Value (2020): $3,713,335
Year Land Value Improved Value Assessed Value
2020 $2,776,440 $936,895 $3,713,335

Home Value Compared to the Market

This property vs the competition

722 S Bonnie Brae St sold on April 19, 2019 for 205.73% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $239.99 per/sqft which puts the price per square foot 69.66% lower than the current median sale per square foot for the city of Los Angeles.

About 722 S Bonnie Brae St

Detailed summary of property

722 S Bonnie Brae St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 4 bedrooms, 30 bathrooms, roughly 16,230 living square feet, and sits on an approximately 7,521 square foot lot. 722 S Bonnie Brae St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,629,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 205.73% higher than the current median priced home. Local homes that are currently for sale include 171 S Hoover St, 743 S Berendo St and 132 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 100 days, 722 S Bonnie Brae St has a days on market of 70 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 722 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 722 S Bonnie Brae St

Public county record property details
Beds
6
Baths
--
Year built
1911
Sq. Ft.
16,230
Lot Size
7,520
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5142-006-003

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
$680,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$390,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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