1039 N Bonnie Brae St

    Los Angeles, CA 90026
    • $4,150,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 20-557644
    UPDATED: 24 min ago
    $4,150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,983
      SQFT
    • $416
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    We proudly present 1039 N Bonnie Brae St, a 29 unit property with 14 vacant units. A tremendous value-add opportunity to convert the building's SRO units into studios without triggering additional parking requirements from LADBS as said SRO units are designated "Light House Keeping" which means they can legally have bathrooms and kitchens. All current 29 units have kitchens, new ownership will have the option to add bathrooms to 14 of the units. The property is directly across the street from the iconic Brite Spot Breakfast and Lunch Caf and less than a 5 minute walk to bars and restaurants on Sunset, Echo Park Lake and the Echo Park Farmer's Market.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-06T16:42:20.233. 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.
    www.desertarealuxuryhomes.com/homes/103527056

    1039 N Bonnie Brae St Los Angeles, CA 90026

    • Price: $4,150,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 20-557644
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,983
    SQFT
    $416
    $/SQFT
    1914
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    We proudly present 1039 N Bonnie Brae St, a 29 unit property with 14 vacant units. A tremendous value-add opportunity to convert the building's SRO units into studios without triggering additional parking requirements from LADBS as said SRO units are designated "Light House Keeping" which means they can legally have bathrooms and kitchens. All current 29 units have kitchens, new ownership will have the option to add bathrooms to 14 of the units. The property is directly across the street from the iconic Brite Spot Breakfast and Lunch Caf and less than a 5 minute walk to bars and restaurants on Sunset, Echo Park Lake and the Echo Park Farmer's Market.
    Exterior Features

    Lot Size Area 14019 Other Structures None Parking Garage None Pool YN No Tennis YN No Total Parking 0

    Interior Features

    Cooling Ceiling Fan Den No Dining Room No Equipment Ceiling FanRange/OvenRefrigerator Family Room No Heating None

    Property Features

    Gross Income 365065 Gross Operating Income 365065 Like Units1 1 Net Operating Income 259650.00 Number Of Buildings 1 Number Of Units 29 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 105415 Type Of Units Multifamily Zoning Lar3

    Listing provided courtesy of Zachary Freehling DRE#01879326 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-06T16:42:20.233. 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.
     
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260