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114 N Bonnie Beach Place, East Los Angeles, California 90063, East Los Angeles, 90063 - 1 bed, 1 bath

114 N Bonnie Beach Place, East Los Angeles, California 90063 home-pic-0
ACTIVE$1,900,000
114 N Bonnie Beach Place, East Los Angeles, California 90063
1Bed
1Bath
1,260Sqft
36,290Lot
Year Built
1946
Close
-
List price
$1.9M
Original List price
$2M
Price/Sqft
$1,508
HOA
-
Days on market
-
Sold On
-
MLS number
CV25191293
Home ConditionTear down
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.90M(98th), sqft - 1260(71th), beds - 1(4th), baths - 1(43th).

Attention Builders, Developers, and Contractors! 114 N Bonnie Beach Place is a rare 36,290 sq. ft. hillside view property located in the heart of East Los Angeles. On title, the lot includes a 1 bedroom, 1 bathroom structure totaling 1,260 sq. ft., offering endless possibilities for redevelopment or expansion. This unique opportunity features dual access from both Bonnie Beach Place and 1st Street, increasing flexibility for future plans. With R2 zoning, the upside potential is substantial—whether for multifamily development, expansion, or creating a custom dream estate. Even more, adjoining parcels are also being offered separately, with the option to bundle for a combined 60,738 sq. ft. of land, making this a one-of-a-kind investment or development opportunity in East LA. Bring your vision—the possibilities are limitless!

Price History

Date
Event
Price
10/17/25
Price Change
$1,900,000-5.0%
08/25/25
Listing
$2,000,000
Condition Rating
Tear down
The property was built in 1946, making it over 50 years old. The MLS description explicitly targets 'Builders, Developers, and Contractors' for 'redevelopment or expansion,' indicating the value is primarily in the land. The images confirm this, showing a dilapidated structure with exposed framing, concrete floors, and no visible functional kitchen or bathroom. The building appears unlivable and beyond repair, aligning with the criteria for a tear-down.
Pros & Cons

Pros

Exceptional Development Potential: The R2 zoning on a substantial 36,290 sq. ft. lot offers significant upside for multifamily development, expansion, or creating a custom dream estate, explicitly targeting builders and developers.
Substantial Lot Size: A rare 36,290 sq. ft. hillside parcel in East Los Angeles provides ample space for large-scale development or a sprawling custom residence.
Dual Street Access: The property benefits from unique dual access points from both Bonnie Beach Place and 1st Street, enhancing flexibility for design, construction logistics, and potential future property configurations.
Panoramic City Views: As a hillside property, it offers desirable 'City Lights' views, which can significantly enhance the value and appeal of any future development.
Adjacent Parcel Bundling Option: The unique opportunity to acquire adjoining parcels for a combined 60,738 sq. ft. of land presents an unparalleled investment and development scale in East LA.

Cons

Existing Structure Condition: The 1946-built 1 bedroom, 1 bathroom, 1,260 sq. ft. structure is likely considered a tear-down for most development visions, incurring demolition costs and not contributing significant value as a habitable unit.
Hillside Construction Challenges: Developing on a hillside property typically involves higher construction costs, complex engineering, and potential grading challenges compared to building on flat land.
Limited Buyer Pool: The property's explicit marketing to 'Builders, Developers, and Contractors' indicates it's not suitable for a typical homeowner, thereby narrowing the potential buyer market.

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