NOT LISTED FOR SALE

1001 N Bonnie Brae St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,050,000 - $4,779,976

4 Beds
2 Baths
1,602 Sq Ft
$1,322/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $925,000 $577 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $12,175/month

154 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 5-minute walk to Echo Park Lake

About This Home

As of October 2018

LOCATION,LOCATION, LOCATION!! PRIME 2 UNIT INVESTMENT PROPERTY ONLY 1/2 BLOCK AWAY FROM ECHO PARK LAKE! This stunning 2 unit property sits beautifully on the corner of Bonnie Brae St. & Montrose St., with each unit facing one side of the street, and each having its separate driveway/parking areas. Each unit is a 2 bedroom/ 1 bath combo, with the front unit (unit facing Montrose St.) featuring beautiful hardwood floors, vaulted cathedral ceilings, recessed lighting throughout, newer blinds & doors, and more. Back unit (unit facing Bonnie Brae St.) is the larger of the two, and showcases warm and open floor plans as seen in the large entry/ living room areas, over sized kitchen/ dining areas, and spacious bedrooms. Plenty of private parking for each unit, with front unit featuring long gated driveway which easily fits 3+ cars or RV. Property is also centrally located in up and coming Echo Park neighborhood, with plenty of completed new developments & projects breaking ground. Truly a must have income property in the center of one of today's prime rental markets.

Last Agent to Sell the Property

Martha Neri

Berkshire Hathaway HomeService License #01212625 Listed on: 01/30/2018

Co-Listed By

William Neri

Berkshire Hathaway HomeService License #01862347

Last Buyer's Agent

Martha Neri

Berkshire Hathaway HomeService License #01212625 Listed on: 01/30/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,400

Year Built

  • Built in 1910

Lot Details

  • 4,998 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Sprinkler System
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,602 Sq Ft Home
  • Window Screens

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 1957
  • Assessor Parcel Number 5404003028

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,400

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Property Type: Residential Income
  • Parcel Number: 5404003028
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 577.40
  • Window Features: Screens

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 4998.00

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 40
  • Tax Tract Number: 1957

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2018
Sold by
Valladares Blanca Gilma and The Blanca Gilma Valladares Re
Bought by
Paz Brian A De
Current Estimated Value
$2,118,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2017
Sold by
Valladares Blanc Gilam
Bought by
The Blanca Gilma Valladares Revocable Li

Purchase Details

Closed on
Sep 6, 2012
Sold by
Valladares Julio A
Bought by
Valladares Blanca G
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paz Brian A De $3,784,090 Orange Coast Title Company
The Blanca Gilma Valladares Revocable Li -- None Available
Valladares Blanca G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paz Brian A De $647,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $925,000 -15.8% $577 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
03/19/2018 03/19/18 Price Changed $1,099,000 -4.4% $686 / Sq Ft
01/30/2018 01/30/18 For Sale $1,150,000 -- $718 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,400 $1,031,850 $619,111 $412,739
2024 $12,400 $1,011,619 $606,972 $404,647
2023 $12,159 $991,784 $595,071 $396,713
2022 $11,593 $972,338 $583,403 $388,935
2021 $11,450 $953,273 $571,964 $381,309
2020 $11,565 $943,500 $566,100 $377,400
2019 $11,122 $925,000 $555,000 $370,000
2018 $2,209 $171,591 $151,727 $19,864
2017 $2,160 $168,227 $148,752 $19,475
2016 $2,095 $164,930 $145,836 $19,094
2015 $2,066 $162,454 $143,646 $18,808
2014 $2,084 $159,273 $140,833 $18,440
Source: Public Records

Agents Affiliated with this Home

  • Martha Neri

    Seller's Agent in 2018

    Martha Neri

    Berkshire Hathaway HomeService

    (562) 644-1487

    19 Total Sales

    Martha Neri
    Section Image
  • William Neri

    Seller Co-Listing Agent in 2018

    William Neri

    Berkshire Hathaway HomeService

    (562) 644-1487

    18 Total Sales

    William Neri
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18022162

California Regional Multiple Listing Service (CRMLS)

APN: 5404-003-028

California Los Angeles County Los Angeles 90026 Echo Park

1001 N Bonnie Brae St, Los Angeles, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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