1242 S Bonnie Brae, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 2 bath
1242 S Bonnie Brae
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1242 S Bonnie Brae, Los Angeles, California 90006 reveals a Fairly Priced Property with a current list price of $740,000 aligned with the estimated $728,991 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 S Bonnie Brae Subject | $740,000* List Price | 4 | 2 | 2,207 | $330 | - |
A 1720 Orchard Active | $799,999 List Price | 4 | 2 | 2,100 | $381 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1903, this property is explicitly marketed as a restoration project for investors. The home features outdated kitchens and bathrooms, worn flooring, and aged fixtures consistent with its history as a boarding house. The exterior and interior show significant wear and tear, requiring substantial rehabilitation to meet modern standards and realize its projected after-repair value.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Location
Situated in the prestigious Alvarado Terrace Historic District near Downtown LA and Crypto Arena, the property offers high desirability and proximity to major urban employment and entertainment hubs.
- Significant Development Upside
The LARD1.5 zoning and detached two-car garage provide a prime opportunity to increase density and value through an ADU conversion or guest house development.
- Substantial Equity Potential
With a list price of $740,000 and a projected After Repair Value (ARV) of $1.2 million, this property offers a lucrative margin for investors and developers looking for a high-yield restoration project.
CONSRISKS & DEFICIENCIES
- Extensive Restoration Required
As a 1903 Craftsman requiring full restoration, the property demands significant capital investment and specialized expertise to navigate historic district guidelines and modern building codes.
- Occupancy and Usage Complexity
The property is currently tenant-occupied and has a history as a boarding house, which may present logistical challenges regarding relocation, financing, and immediate commencement of renovations.
About 1242 S Bonnie Brae
Located in the Highly sought after Alvarado Terrace Historic District of Pico Union, this 1900s Craftsman 5 bedroom 3 bath plus bonus room House awaits the creative Investor or Developer to restore it. Residence boast 2207 sq ft of living space on a lot of 5625 with a Detached two car garage that can potentially be developed into a Guest house or ADU . Used as a boarding house in the past , upon entering you are greeted by a long corridor with Two Independent Living Spaces on each side and enclosed by Large Double doors. Presently Tenant occupied ,each of these living spaces feature a 1bedroom ,living room, kitchen and bathroom . Upstairs you will find incredible sq footage featuuring 4 Large bedrooms and One full bathroom. Suggested After repair value (ARV) is 1.2 million ! Zoning is LARD1.5 Surrounded by Million dollar properties with Excellent Transit and just minutes away from Downtown Los Angeles ,Crypto Arena, Larchmont Village, Westlake Village and Hollywood ..location is prime. Probate sale and Not subject to Court confirmation
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1903
- Lot Size
- 5,625 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Tenth Street Elementary School
Grades K-5 • 0.4 mi
Leo Politi Elementary School
Grades K-5 • 0.5 mi
Magnolia Avenue Elementary School
Grades K-6 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 2,207 | 2,207 | 50% |
| Lot Size | 5,625 | 5,723 | 43% |
| Price | $740.0K | $800.0K | 43% |
| Price per sq ft | $335 | $335 | 50% |
| Built year | 1903 | 1903 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 154 | 14% |
Pricing History
Listed for Sale
Mar 2, 2026
$740,000
Initial Listing
Sold
Feb 24, 2025
$540,000
Public Record
Sold
Oct 16, 2013
$315,000
Public Record