NOT LISTED FOR SALE

1717 S Bonnie Brae St Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,019,000

6 Beds
6 Baths
2,936 Sq Ft
$347/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $900,000 $307 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,550/month

35 Days on Market

About This Home

As of October 2022

Excellent 6 unit (6-1+1’s) investment opportunity with huge rental upside! The property was built in the '60's and consists of two buildings, one 4-unit building in the front and a 2-unit building in the rear. The property offers convenient alley access, ample surface parking for tenants and guests, and is gated on both sides. Rents are heavily below market (70%+) due to a long-term owner. Opportunity to capture the rental upside and add value. Tenants are currently using back structure for storage at no cost. New owner has the potential to charge tenants for storage income. Great central location with easy freeway access and within minutes from USC, LA Live, the Convention Center, Crypto arena and Koreatown.

Last Agent to Sell the Property

Danny Ozair

Danny Ozair License #01298091 Listed on: 08/10/2022

Last Buyer's Agent

Robert Estrada

Prospect Group Inc. License #01880417

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,960

Year Built

  • Built in 1961

Lot Details

  • 6,383 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2,936 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 5135010011
  • $913 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Trash Expense $3,761
  • Water Sewer Expense $4,238
  • New Taxes Expense $14,937
  • Operating Expense $27,939
  • Gross Income $62,196
  • Net Operating Income $34,257

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,960

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Price Per Unit: 182500
  • Property Attached: No
  • Water Sewer Expenses: 4238.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5135010011
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 306.54

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 3761.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • 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

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 62196.00
  • Gross Scheduled Income: 62196.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6383.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 34257.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 27939.00
  • Rent Control: Yes
  • Total Expenses: 27939.00
  • Vacancy Allowance: 1376
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14937.00
  • Tax Census Tract: 2243.10
  • Tax Lot: 36
  • TaxOtherAnnualAssessmentAmount: 913.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Sep 13, 2022
Sold by
Jose F Rodriguez Family Trust
Bought by
41 Llc
Seller's Agent
Danny Ozair
Danny Ozair
Buyer's Agent
Robert Estrada
Prospect Group Inc.
List Price
$1,095,000
Sold Price
$900,000
Premium/Discount to List
-$195,000
-17.81%
Views
6
Current Estimated Value
$1,019,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,000
Avg. Annual Appreciation
4.41%
Original Mortgage
$1,000,000
Interest Rate
5.66%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 24, 2001
Sold by
Rodriguez Jose and Rodriguez Leonor
Bought by
Rodriguez Jose F and Rodriguez Leonor
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
41 Llc $900,000 First American Title Company O
Rodriguez Jose F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 41 Llc $850,000
Closed 41 Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $900,000 -17.8% $307 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $1,095,000 0.0% $373 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/23/2022 08/23/22 Price Changed $1,095,000 -8.4% $373 / Sq Ft
08/10/2022 08/10/22 For Sale $1,195,000 -- $407 / 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 $11,960 $936,360 $655,452 $280,908
2024 $11,960 $918,000 $642,600 $275,400
2023 $11,745 $900,000 $630,000 $270,000
2022 $5,750 $411,997 $288,228 $123,769
2021 $5,670 $403,920 $282,577 $121,343
2019 $5,522 $392,742 $274,197 $118,545
2018 $5,384 $385,058 $268,821 $116,237
2016 $5,101 $369,338 $258,383 $110,955
2015 $5,036 $363,791 $254,502 $109,289
2014 $5,092 $356,666 $249,517 $107,149
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Danny Ozair

    Danny Ozair

    (818) 381-3528

    1 in this area

    14 Total Sales

    Danny Ozair
    Section Image
  • Robert Estrada

    Buyer's Agent in 2022

    Robert Estrada

    Prospect Group Inc.

    (818) 862-7992

    1 in this area

    19 Total Sales

    Robert Estrada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22176512

California Regional Multiple Listing Service (CRMLS)

APN: 5135-010-011

California Los Angeles County Los Angeles 90006 Pico-Union

1717 S Bonnie Brae St, Los Angeles, CA

This home is located at 1717 S Bonnie Brae St, Los Angeles, CA 90006 since 10 August 2022 and is currently estimated at $1,019,000, approximately $347 per square foot. This property was built in 1961. 1717 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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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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