1230 S Bonnie Brae, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90006
This High-Density Development Asset presents a High-Potential Investment Opportunity with a List Price of $1,049,000—positioned well below the $1,278,879 Fair Market Value by 17%. This valuation gap offers $229,879 in Instant Equity. Currently a Condition Rating 5 construction site, the property features pending tri-plex plans and a nearly complete rear ADU duplex on a Strategic Corner Lot near Hoover Street Elementary. This project is ideal for Real Estate Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1230 S Bonnie Brae Subject | $1,049,000* List Price | 0 | 0 | 5,426 | $236 | - |
A 964 S Catalina Active | $1,000,000 List Price | 0 | 0 | 5,898 | $170 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a 1902 structure in a state of severe disrepair, appearing gutted and currently functioning as an active construction site. The main building lacks functional kitchens, bathrooms, flooring, or any modern internal systems, and the images show significant structural exposure and potential safety hazards. While there is ongoing construction for a rear ADU and pending plans for a tri-plex conversion, the current state of the primary residence requires total rehabilitation and substantial repair to be habitable.
This property is a prime value-add opportunity with pending tri-plex plans for the front building and a nearly completed ADU duplex, allowing for a high-density, multi-unit income stream.
Situated on the corner of Bonnie Brae St and 12th Pl in Pico Union, the property offers superior visibility, easier access for multiple tenants, and enhanced natural light for future units.
The under-construction rear duplex features desirable 2BR and 3BR layouts and includes rare 'inside parking,' a premium feature that will command higher rents in this high-density Los Angeles neighborhood.
The property was recently sold within the past year on 2025-04-18. The sold price is $535,000.00.
With the ADU completion not expected until July 2026 and tri-plex plans still pending city approval, investors must account for significant carrying costs and potential regulatory delays.
Given the original structure was built in 1902, the property likely requires extensive and costly seismic retrofitting and system upgrades to meet modern building codes during the conversion process.
A Developers dream come true! Located in Pico Union on the corner of Bonnie Brae St and 12th Pl with the following addresses: 1230 S. Bonnie Brae , 1232 S. Bonnie Brae , 1820 W. 12th Pl and 1822 W. 12th Pl. The front Building is pending approval from the city for plans to build a Tri-plex (Two 3BR/2BA units and one 2BR/1BA unit). The under-construction rear duplex ADU is almost ready for your tenant, expected completion July, 2026. This is a two-story ADU- bottom floor will offer 2BR, 1BA, kitchen, living & dining room plus laundry. The 2nd story unit will offer 3BR, 2BA Living & dining rooms, kitchen & laundry. Both units offer inside parking.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-6 • 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 | 5,426 | 1,900 | 80% |
| Lot Size | 5,627 | 5,100 | 60% |
| Price | $1.05M | $840.0K | 80% |
| Price per sq ft | $193 | $429 | 20% |
| Built year | 1902 | 1922 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 203 | 20% |
Apr 13, 2026
$1,049,000
Initial Listing
Apr 18, 2025
$535,000
Public Record
Mar 8, 1996
$120,000
Public Record