1419 S Bonnie Brae Street, Los Angeles, CA 90006

About this property

We are pleased to present a four (4) unit apartment building located at 1419 S Bonnie Brae Street in Los Angeles, California. The subject property is situated in a strong Pico Union location, north of Venice Boulevard and east of Hoover Street. Built in 1922, this property contains a great unit mix of three (3) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit that will be delivered vacant. The building boasts charming, craftsman style architecture. Each unit is spacious and bright with tons of built-in storage and plenty of windows letting in natural light. Select units feature private balcony space. The property has fully parked on-site parking along with four (4) garages spaces in the back that are 100% vacant and ready to rent for immediate income or convert in multiple ADU unit(s). Tenants will enjoy being within short driving distance to all major destinations in Los Angeles. Downtown is less than three (3) miles away and Koreatown is less than two (2) miles away, making this property a young professional's dream. Situated in a strong Pico Union location, this offering presents an excellent opportunity for any investor capitalize on a highly leveraged 30-year fixed residential loan with a possible owner-user play while collecting immediate upside by either renting out the vacant garage spaces or converting them into multiple ADU(s).

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$850,000

Sold June 2023 · listed $975,000, on market April 2023 · MLS #23262483 · Source: CRMLS

Listing Agent: Jason Tuvia · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Matthew Tilley · First Team Real Estate

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