RealKey
‪(213) 433-7766‬

1086 N Bonnie Beach Place, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

1086 N Bonnie Beach Place, Los Angeles, California 90063 home-pic-0
ACTIVE$650,000
1086 N Bonnie Beach Place, Los Angeles, California 90063
0Bed
0Bath
2,355Sqft
5,661Lot
Year Built
1926
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$276
HOA
-
Days on market
-
Sold On
-
MLS number
DW25000110
Home ConditionPoor
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $650.0K(28th), sqft - 2355(64th), beds - undefined(50th), baths - undefined(50th).

Update: 05/06/2025 subject to cancelation of existing escrow.This is the opportunity that doesn't exist anymore! Fully occupied triplex located in the County of LA's East LA neighborhood of City Terrace. This property is not subject to LA CITY RENT CONTROL RULES. Perfect opportunity to buy an income property and either keep it rented, occupy it or both. There is plenty of space on the 5,661 sq ft lot for expansion ( buyer to verify). All three units park on the street as the property does not have the potential for parking. Owners still have to obtain the certified letter from probate court in order for sale to be able to close. Large 3 bedroom unit became vacant during escrow so this is a slam dunk opportunity for new owner. 1 other unit has expressed interest in leaving asap. So don't wait on this one.

Price History

Date
Event
Price
09/12/25
Sold
$620,000
Condition Rating
Poor
Built in 1926, this property is very old and shows significant signs of deferred maintenance and extreme aging. The interior images reveal heavily worn and dirty carpeting, dated tile flooring, and scuffed walls, indicating a need for substantial cosmetic and functional rehabilitation. While no kitchen or bathroom images are provided, the overall condition and the AI's assessment of needing 'significant updates to plumbing, electrical, and other systems' strongly suggest these areas are also in poor, outdated condition. The property requires extensive repairs and rehabilitation to meet modern living standards and comfort.
Pros & Cons

Pros

Rent Control Exemption: The property is not subject to LA City Rent Control rules, offering significant flexibility for rental income adjustments and enhanced investor appeal.
Income-Generating Triplex: As a fully occupied triplex (with recent vacancies), the property provides immediate rental income and a clear path to owner-occupancy or re-tenanting.
Immediate Vacancy Opportunity: A large 3-bedroom unit is currently vacant, and another tenant has expressed interest in leaving, providing flexibility for owner-occupancy or re-leasing at market rates.
Expansion Potential: The generous 5,661 sq ft lot offers ample space for potential future expansion or development, adding long-term value (buyer to verify).
Strategic Location: Located in the East LA neighborhood of City Terrace, a high-demand area for rental properties, offering potential for steady appreciation and tenant demand.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-09-12. The sold price is $620,000.00.
Lack of On-Site Parking: All three units rely solely on street parking, which can be a significant inconvenience for tenants and a major drawback in a dense urban area.
Probate Sale & Escrow Contingency: The sale is contingent on obtaining a certified letter from probate court and the cancellation of an existing escrow, introducing potential for significant delays and complications in the closing process.
Age of Property: Built in 1926, the property likely requires significant updates to plumbing, electrical, and other systems, potentially leading to higher maintenance costs and capital expenditures for a new owner.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state