We are pleased to present 1216 S Bonnie Brae St, a12-unit multi-family investment opportunity on the edge of the Westlake, Pico-Union, and Koreatown neighborhoods of Los Angeles located just east of S Alvarado St between W 12th St & W Pico Blvd. The property features a unit mix of all one-bedrooms with five parking spaces; two units will be delivered vacant at the close of escrow. At the asking price, the property is being offered at a 7.22% CAP rate and 8.85 GRM on current income with an additional 14% in rental upside through interior renovations as units turnover. The property's location is highly desirable with a Walk Score of 93, indicative of the area's accessibility to various modes of public transportation, including Metro rail and bus lines. The neighborhood provides convenient access to local attractions such as MacArthur Park, Echo Park, Crypto.com Arena, and the Los Angeles Convention Center, making it an attractive option for urban living. Investors looking for a property with stable returns and potential for capital growth will find 1216 S Bonnie Brae St to be an outstanding opportunity. Its combination of location, quality, and upside potential makes it a compelling choice for those seeking to invest in the Los Angeles real estate market.
Property Details
Property Features
Property Information:
Year Built: 1949
Stories: 3
Living Area: 5,589 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 12
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: None
Cooling: None
Other
Directions Information:
Directions: North of W Pico Blvd, just south of W 12th St
Price Information
Listing Price Info
Price Summary:
List Price: $2,700,000
Price Per SqFt: $483/SqFt
Tax Information:
Annual Amount: $25,200
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.6M more than the Median Sold Price and $157/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24462529
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 5:21:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 14, 2014
Nov 14, 2014Home Sold
$1,260,000
Oct 03, 2014
Oct 03, 2014Home Sold
$1,260,000
Mar 23, 2001
Mar 23, 2001Home Sold
$310,000
Sep 29, 1995
Sep 29, 1995Home Sold
$180,000
Nov 17, 1989
Nov 17, 1989Home Sold
$417,000
Nov 17, 1989
Nov 17, 1989Home Sold
$417,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$25,200
$2,050,997
2020
$24,462
$2,028,780
2019
$16,932
$1,989,000
2018
$16,536
$1,330,893
2017
$16,536
$1,304,798
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Equitas Academy Charter
1700 W Pico Blvd
Distance between this listing and this school0.18 miles
Public Charter Grades KG-5
7
/10
Equitas Academy #3 Charter
1050 Beacon Ave
Distance between this listing and this school0.23 miles
Public Charter Grades KG-4
4
/10
10th Street Elementary School
1000 Grattan St
Distance between this listing and this school0.36 miles
Public District Grades 1-5
Nearby Schools
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.67 miles
Public Charter Grades KG-8
4
/10
Downtown Value
950 W Washington Blvd
Distance between this listing and this school0.68 miles
Public Charter Grades KG-8
4
/10
John Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.78 miles
Public District Grades 6-8
Nearby Schools
6
/10
University Preparatory Value High School
1929 W Pico Blvd
Distance between this listing and this school0.07 miles
Public Charter Grades 9-12
6
/10
Alliance Gertz-Ressler Richard Merkin 6-12 Complex
2023 S Union Ave
Distance between this listing and this school0.76 miles
Public Charter Grades 6-12
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.78 miles
The neighbors living near this home have an average income of $27,982. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1216 S Bonnie Brae St
What is the listing price of this property?
The listing price of 1216 S Bonnie Brae St property is $2,700,000.
What type of property is this?
The property 1216 S Bonnie Brae St is a house located in Los Angeles, California, 90006.
Is this property for sale now?
Active Listing: 1216 S Bonnie Brae St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $25,200 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 14, 2014 for $1,260,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1216 S Bonnie Brae St has 12 bedrooms and 12 bathrooms.
What is the square footage of this property?
The property 1216 S Bonnie Brae St is 5,589 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1216 S Bonnie Brae St is 1949.
Interested in 1216 S Bonnie Brae St? Let's connect.
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This home is located at 1216 S Bonnie Brae St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 5,589 square foot home, which was built in 1949, sits on a 0.13 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $2,700,000.
In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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