1037 S Bonnie Brae, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This Residential Income Quadruplex serves as a high-density Value-Add Asset in Downtown Los Angeles. Listed at $1,699,000, the property is positioned relative to a $1,541,519 Fair Market Value, with the valuation reflecting its current 8-unit configuration and expansive 7,498-square-foot lot. Requiring substantial rehabilitation with a Condition Rating of 5, the site offers significant ADU potential and forced appreciation opportunities. Located near the highly-rated Hoover Street Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Developers targeting high-yield urban rentals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1037 S Bonnie Brae Subject | $1,699,000* List Price | 0 | 0 | 3,524 | $437 | - |
A 1211 Elden Ave. Active | $1,500,000 List Price | 0 | 0 | 3,347 | $448 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1896, this property requires substantial rehabilitation and modernization. The listing explicitly states the home needs 'TLC,' and the current layout features shared bathrooms for multiple units, indicating outdated facilities and non-conforming systems that likely require significant structural and electrical updates.
Currently utilized as an 8-unit property despite being a legal quadruplex, offering significant income-generating potential and cash flow opportunities for seasoned investors.
Situated in the high-demand Downtown L.A. area (C42), the property provides excellent proximity to major employment hubs, public transit, and urban amenities.
The generous 7,498-square-foot lot offers ample space for potential ADU (Accessory Dwelling Unit) additions or future redevelopment in a high-density residential zone.
Built in 1896 and explicitly noted as needing 'TLC,' the property likely requires substantial capital expenditure to modernize aging systems and structural elements.
The shared bathroom facilities for upstairs units and the discrepancy between tax records and current use may complicate traditional financing and present building code compliance challenges.
Property shows on tax records as Quad and is being use as a total of 8 units. 4 separate units with their own entrance and 4 bedrooms with access through the lobby on the front of the house. The four upstairs units are sharing a separate shower/tub room and completely separate toilet room. The property is in need of some TLC.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,524 | 1,900 | 80% |
| Lot Size | 7,498 | 5,100 | 80% |
| Price | $1.70M | $840.0K | 80% |
| Price per sq ft | $482 | $482 | 50% |
| Built year | 1896 | 1922 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 203 | 20% |
Mar 4, 2026
$1,699,000
Initial Listing
Mar 6, 2000
$177,000
Public Record