220 South Bonnie Brae Street

Los Angeles, CA 90057

$1,225,000
Price
12
Beds
14
Baths
6,989 Sq. Ft.
$175 / Sq. Ft.
6,989
Sq. Ft.
$175
per Sq. Ft.

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.
  1. 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 Number
5154001024
Total Units
7.0
Living Area
6989
Source Living Area
Other
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
8289
LISTING UPDATED: 07/26/2024 12:01 AM

Property Details for 220 South Bonnie Brae Street

StatusActive
MLS #24-417167
Days on Market156
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.19 AC / 8,289 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Flat
Contract Info
Contract Info
  • Disclosures: As Is, Owner Has R.E. License, Owner Is Listing Agent, Methane Gas, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $123,884
  • Net Operating Income: $75,138.00
  • Gross Income: $123,884
  • Cap Rate: 5.46%
  • Gross Rent Multiplier: $11.10
  • Total Annual Expense: 45029
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Acreage: 0.1903
  • Lot Size Square Feet: 8289
  • Lot Size Dimensions: 50x165
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Garage Is Detached
  • Total Parking: 5
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-18-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,132.00
  • Unit Actual Rent: $4,526.00
  • Unit Projected Rent: $7,600.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,584.00
  • Unit Actual Rent: $3,167.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $241,244.00
  • Assessed Improvement Percent: 18.37
  • Assessed Land Value: $1,072,201.00
  • Assessed Land Percent: 81.63
  • Assessed Total Value: $1,313,445.00

Property History for 220 South Bonnie Brae Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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220 South Bonnie Brae Street is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on July 18, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,225,000. It has been on the market for a total of 156 days and was last sold on October 19, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, Sal Castro Middle School and Contreras Learning Center-School Of Social Justice. 220 South Bonnie Brae Street is a 12-bed, 14-bath, 6,989 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.