$275,000
SOLD OCT 30, 2024

1197 N Bonnie Beach Place Los Angeles, CA 90063

3 Beds
2 Baths
1,329 Sq Ft
4,669 Sq Ft Lot

Recently Sold

$207 Per Sq Ft

30% Below List Price

32 Days on Market

Highlights

  • Panoramic View
  • No HOA
  • Living Room
  • Abraham Lincoln High School Rated A
  • Up Slope from Street
  • 5-minute walk to City Terrace Park

About This Home

As of May 2025

Extreme Fixer-Upper Opportunity with Stunning City and Mountain Views in City Terrace!
This unique property offers a rare chance for the right buyer to transform it into something special. Located in the desirable City Terrace area, this home provides incredible views of both the cityscape and surrounding mountains.
-Key Features: Main House: A two-bedroom, one-bathroom home ready for your creative vision.
-ADU Potential: There’s a second structure one-bedroom, one bath home on the property that could potentially be converted into an Additional Dwelling Unit (ADU), providing extra living space or rental income.
- Treehouse Storage Structure: An additional treehouse-style structure that can potentially be used for storage or customized to your needs.
This is an incredible opportunity for investors or homeowners looking for a project with endless possibilities. Contact us today for more details and to schedule a viewing.

Last Agent to Sell the Property

Steven Simonetti

Simonetti & Associates Brokerage Phone: 310-621-5155 License #00368946 Listed on: 08/30/2024

Simonetti & Associates

Co-Listed By

Oana Gibson

Estate Properties Brokerage Phone: 310-621-5155 License #02098279

Estate Properties

Last Buyer's Agent

Oana Gibson

Estate Properties Brokerage Phone: 310-621-5155 License #02098279

Estate Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $886

Year Built

  • Built in 1937

Lot Details

  • 4,669 Sq Ft Lot
  • Tear Down
  • Property is zoned LCR2*

Parking

  • Up Slope from Street

Property Views

  • Panoramic
  • City Lights
  • Mountain

Interior Spaces

  • 1,329 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 316
  • Tax Tract Number 6480
  • Assessor Parcel Number 5228009026
  • $748 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$886

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LCR2*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5228009026
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1329.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 206.92
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • View: City Lights, Mountain(s), Panoramic
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Tear Down, Up Slope from Street
  • Lot Size Sq Ft: 4669.00
  • Lot Size Acres: 0.1072
  • Latitude Manual: 34.05206100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4669.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5308.02
  • Tax Lot: 316
  • Tax Tract Number: 6480
  • TaxOtherAnnualAssessmentAmount: 748.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2025
Closed on
Apr 28, 2025
Sold by
1638 W 38Th Place Llc and 26Alexy Llc
Bought by
Chamu-Nestor Maura and Galvez Fernando
Seller's Agent
Davi Nogueira
Compass
Buyer's Agent
Davi Nogueira
Compass
List Price
$799,000
Sold Price
$675,000
Premium/Discount to List
-$124,000
-15.52%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.44%
Original Mortgage
$662,774
Outstanding Balance
$662,774
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
$7,053

Purchase Details

Listed on
Aug 30, 2024
Closed on
Oct 24, 2024
Sold by
Vargas Luna Eliseo and Vargas Monica Martha
Bought by
1638 W 38Th Place Llc and Sarraf
Seller's Agent
Steven Simonetti
Simonetti & Associates
Buyer's Agent
Oana Gibson
Estate Properties
List Price
$395,000
Sold Price
$275,000
Premium/Discount to List
-$120,000
-30.38%
Views
1017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
502.48%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $675,000 Old Republic Title
Grant Deed -- Old Republic Title
Grant Deed $275,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $662,774 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $675,000 0.0% $508 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/27/2025 03/27/25 Price Changed $675,000 0.0% $508 / Sq Ft
03/26/2025 03/26/25 Off Market $675,000 -- --
03/21/2025 03/21/25 Price Changed $525,000 -34.3% $395 / Sq Ft
03/04/2025 03/04/25 For Sale $799,000 +190.5% $601 / Sq Ft
10/30/2024 10/30/24 Sold $275,000 -30.4% $207 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
08/30/2024 08/30/24 For Sale $395,000 -- $297 / 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
2024 $886 $11,122 $8,096 $3,026
2023 $877 $10,905 $7,938 $2,967
2022 $859 $10,692 $7,783 $2,909
2021 $841 $10,483 $7,631 $2,852
2019 $827 $10,173 $7,405 $2,768
2018 $779 $9,974 $7,260 $2,714
2016 $717 $9,588 $6,979 $2,609
2015 $709 $9,445 $6,875 $2,570
2014 $714 $9,261 $6,741 $2,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24180489

California Regional Multiple Listing Service (CRMLS)

APN: 5228-009-026