1617 S Bonnie Brae ST, Los Angeles, CA 90006
1617 S Bonnie Brae ST, Los Angeles, CA 90006
1617 S Bonnie Brae ST, Los Angeles, CA 90006
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$950,000
Est. payment /mo
4 Beds
4 Baths
4,222 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,222 sqft

Price per Sqft $225

MLS Listing ID 26644045

Bedrooms 4

HOA Y/N No

Year Built 1912

Lot Size 6,377 Sqft

Property Description

Located within a small, privately held residential compound, 1617 S Bonnie Brae St presents an opportunity to acquire a four-unit, two-story multifamily property in a central Los Angeles location. Built in 1912, the property consists of four (4) very large 1BR/1BA units totaling approximately 4,222 square feet on a 6,377 square foot lot. The building is separately metered for electricity, with the landlord responsible for water only. Zoned RD1.5-1 and located within a Historic Preservation Overlay Zone (HPOZ) and TOC Tier 3, the property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). The property is currently tenant-occupied and generating approximately $5,300 in monthly gross rent, offering long-term rental upside for an investor willing to improve operations and address deferred maintenance. The property is part of a unique cluster of four contiguous parcels under common ownership, which may be purchased individually or together as a portfolio. All four parcels can be purchased together for $2,950,000. Buyer to independently verify square footage, unit mix, zoning, rent control applicability, permits, and all development or redevelopment potential. Ideally situated near DTLA, Koreatown, USC, and major transportation corridors. Note: interior photos were limited for privacy reasons as the property is occupied.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Wall Furnace

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Exterior

Parking Features Concrete, Driveway, Uncovered

Pool None

Community Features Gated

View Y/N Yes

View City Lights, Trees/Woods

Roof Type Shingle

Total Parking Spaces 3

Private Pool No

Building

Lot Description Landscaped

Faces East

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5135009014

Security Features Gated Community

Acceptable Financing Cash, Conventional, FHA, Fannie Mae, Freddie Mac, Private Financing Available, VA Loan

Listing Terms Cash, Conventional, FHA, Fannie Mae, Freddie Mac, Private Financing Available, VA Loan

Financing Conventional,Private

Special Listing Condition Standard

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Listed by Joseph Bolognese Saxum West #01966025

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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1617 S Bonnie Brae ST

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