NOT LISTED FOR SALE

1216 S Bonnie Brae St Los Angeles, CA 90006

Pico-Union Neighborhood
1 Bed
12 Baths
5,589 Sq Ft
5,625 Sq Ft Lot

Last Sold June 29, 2018

Last sale price $1,950,000 $349 Per Sq Ft

103 Days on Market

About This Home

As of June 2018

We are pleased to offer for sale a 12-unit apartment community located at 1216 South Bonnie Brae Street. Positioned just North of Pico Boulevard, the property is situated in Pico-Union, which borders three thriving markets - Koreatown, Downtown, and University Park. The subject property offers investors significant rental upside to the remaining units. Consisting of one, two-story building, the property is situated on a 5,625 Square Foot parcel. The property features 12 one-bedroom units, with three units being delivered vacant. Bonnie Brae features on-site parking (five spaces), on-site laundry and secured access. Due to its 1949 construction, the property is subject to Los Angeles Rent Control statutes.An astute investor should be able to implement a thorough interior renovation program and take advantage of the upside in rental income.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 01/25/2018

Last Buyer's Agent

Raymond Rodriguez

License #01402283

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,625 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 12 Bathrooms
  • 5,589 Sq Ft Home
  • 3-Story Property

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5137-027-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5589
  • Stories: 3
  • Year Built: 1949
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 12.00
  • Den: 0
  • Price Per S Q F T: 389.16

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 165688
  • Assessed Land Value: 1139110
  • Assessor Parcel Number: 5137-027-002
  • Geocode Override: No
  • Lot Size Area: 5625

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.19
  • Number Of Units: 12
  • Total Annual Expense: 48616
  • Type Of Units: 1+1
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $1,950,000 -10.3% $349 / Sq Ft
03/04/2018 03/04/18 Price Changed $2,175,000 -3.3% $389 / Sq Ft
01/25/2018 01/25/18 For Sale $2,250,000 -- $403 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2018

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    5 in this area

    68 Total Sales

    Section Image

  • R

    Buyer's Agent in 2018

    Raymond Rodriguez

See All Agents

Map

Source: The MLS

MLS Number: 18-307388

The MLS

California Los Angeles County Los Angeles 90006 Pico-Union

1216 S Bonnie Brae St, Los Angeles, CA

This home is located at 1216 S Bonnie Brae St, Los Angeles, CA 90006 since 25 January 2018. This property was built in 1949. 1216 S Bonnie Brae St is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

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