CA > Los Angeles
Los Angeles, CA 90057,220 S Bonnie Brae St
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Los Angeles, CA 90057,220 S Bonnie Brae St
Los Angeles, CA 90057,220 S Bonnie Brae St
Los Angeles, CA 90057,220 S Bonnie Brae St
Los Angeles, CA 90057,220 S Bonnie Brae St
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 1,225,000
Est. payment /mo
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Active

220 S Bonnie Brae St Los Angeles, CA 90057

12 Beds

14 Baths

6,989 SqFt

UPDATED:

07/26/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,989 sqft

Price per Sqft $175

MLS Listing ID 24-417167

Bedrooms 12

Year Built 1948

Lot Size 8,289 Sqft

Acres 0.1903

Property 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 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning R4-1 Tier 1

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Inclusions RTI ADU Plans.

Equipment Other

Exterior

Garage Garage - 4+ Car, Garage Is Detached

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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