220 South Bonnie Brae Street
$1,225,000
12
14
6,989
6,989
$175
Description
We are proud to exclusively present for sale a 6 Unit + RTI ADU Residential Building with tremendous redevelopment potential in the Historic Filipinotown area of Echo Park! The property currently features a six unit building on an oversized lot with 9 single car garages. The sellers have an RTI / Approved Plan Check to convert the four garages in front into a 2 Bedroom, 2 Bathroom Accessory Dwelling Unit (ADU). With 8,287 SF of R4-1 Tier 1 land, and backing up to a 20 foot wide alley, a developer...We are proud to exclusively present for sale a 6 Unit + RTI ADU Residential Building with tremendous redevelopment potential in the Historic Filipinotown area of Echo Park! The property currently features a six unit building on an oversized lot with 9 single car garages. The sellers have an RTI / Approved Plan Check to convert the four garages in front into a 2 Bedroom, 2 Bathroom Accessory Dwelling Unit (ADU). With 8,287 SF of R4-1 Tier 1 land, and backing up to a 20 foot wide alley, a developer could build 70+/- units by ED-1. There are long terms tenants; the property will be delivered fully occupied with no relocation agreements. A new owner will need to talk to tenants after close of Escrow. The property is perfect for redevelopment into a market rate project or preferably a 100% Affordable Housing project! With just a 15 minute walk to the Metro Subway Station at MacArthur Park, rest assured that limited (or no) parking should not affect a project in this very pedestrian friendly area. With easy access to the 101 and 110 freeways, this property is centrally located to benefit from what Downtown, Silver Lake, Echo Park, Hollywood, Koreatown and more have to offer! Designated as Very Walkable, Excellent Transit and Bikeable by Walk Score, come build a place your future tenants truly can call home! This high-demand area is in the middle of everything that younger professionals are looking for! Square footage, bedrooms and bathrooms includes the RTI ADU as it will be built. CAP and GRM take into account the budget of $150,000 to build the ADU.
- Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 220 South Bonnie Brae Street
Zoning
R4-1 Tier 1
Parcel Number5154001024
Total Units7.0
Living Area6989
Source Living AreaOther
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area8289
LISTING UPDATED: 07/26/2024 12:01 AM
Property Details for 220 South Bonnie Brae Street
Status | Active |
---|---|
MLS # | 24-417167 |
Days on Market | 156 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.19 AC / 8,289 SF |
County | Los Angeles County |
Building Information for 220 South Bonnie Brae Street
Stories2Residences-Year Built1948Building Size-Lot Size0.19 AC / 8,289 SF
Property Information for 220 South Bonnie Brae Street
Property History for 220 South Bonnie Brae Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 220 South Bonnie Brae Street
Taxable ValueLand$1,093,645Additions$246,068Total$1,339,713
Tax Record2024$17,226 ($1,435 / month)
Home Facts
Total Finished SqFt6,353 SqFtAbove Grade Finished SqFt6,353 SqFtLot Size8,287 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLAR4CountyLOS ANGELESAPN5154-001-024
Schools near 220 South Bonnie Brae Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Avenue Elementary School PublicK to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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