$1,529,000
PENDING

Estimated payment $9,900/month

Total Views 5,575
15 Beds
5 Baths
6,354 Sq Ft
$241 Price per Sq Ft

About This Home

BROKERS OPEN - MAY 2nd from 10AM to 12PM!
First time on the MLS in over 21 years! Highest in place Cap Rate in town and a beautiful building. 1707 S Bonnie Brae is a large 5-Unit apartment building comprised of (4) 3-Bed/1-Bath units and a detached house that operates as a 3-Bed/1-Bath. 6 on-site Parking Spaces. Current in place 7.01% cap rate and 9.64 GRM, with upside to a 8.45% CAP and 8.19 GRM. This asset is ideal for any investor to cash flow on this beautiful asset.
Built in 1924, this unique property is a 4 unit apartment totaling 4,525 sq.ft, plus a large detached home of 1,829 sq.ft! Priced at only $240.64/Sq.Ft! All units have major appliances, hardwood floors, in-unit washer/dryers. This property has Sedona styled paving stones in Motor
Courtyard and walkways. Drought tolerant landscaping with Palm Trees, Juniper Vines and White Rose Garden. This property exudes character and is always rented with students, families, and young professionals who love this place!
1707 Bonnie Brae is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 04/11/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,383 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 6,354 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 1234
  • Assessor Parcel Number 5135010009
  • $1,133 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $46,674
  • Gross Income $158,580
  • Net Operating Income $107,149

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 7.01
  • Price Per Unit: 305800
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5135010009
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 240.64

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6383.00
  • Lot Size Acres: 0.1465

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 158580.00
  • Gross Multiplier: 9.64
  • Gross Scheduled Income: 158580.00
  • Lot Size Area: 6383.0000 Square Feet
  • Net Operating Income: 107149.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 46674.00
  • Rent Control: Yes
  • Total Actual Rent: 13215.00
  • Total Expenses: 46674.00

Tax Info

  • Tax Census Tract: 2243.10
  • Tax Lot: 34
  • Tax Tract Number: 1234
  • TaxOtherAnnualAssessmentAmount: 1133.00

Map

Range of Values:

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Average Value
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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
08/06/2025 08/06/25 Price Changed $1,529,000 +5.4% $241 / Sq Ft
07/08/2025 07/08/25 Sold $1,450,000 -5.2% $228 / Sq Ft
05/30/2025 05/30/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $1,529,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25079511

California Regional Multiple Listing Service (CRMLS)