1242 S Bonnie Brae, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 2 bath
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1242 S Bonnie Brae
Los Angeles, California 90006
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,207Sq Ft
5,625Lot Size
Property Price
LIST PRICE$740,000
EST. MARKET VALUE
$740,000
SUMMARY
This 1903 Craftsman presents a High-Potential Investment Opportunity with a List Price of $740,000—positioned well below the $1,200,000 Fair Market Value by 38%. This valuation gap offers $460,000 in Instant Equity for buyers capable of managing a full restoration. Featuring LARD1.5 Zoning and a detached garage with ADU potential, the property requires significant work given its Condition Rating of 5. This is a strategic acquisition for Fix-and-Flip Investors or Developers targeting the historic Alvarado Terrace District.
Estimated Market Value
$740,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 S Bonnie Brae Subject 4 bd · 2 ba · 2,207 sqft · $335 | $740,000* List Price | 4 | 2 | 2,207 | $335 | - |
A 1605 S Bonnie Brae Street Active 5 bd · 3 ba · 2,294 sqft · $342 · 0.3 mi | $785,000 List Price | 5 | 3 | 2,294 | $342 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1903 and marketed specifically as a restoration project for investors. The property shows significant deferred maintenance on the exterior, and site images reveal major trenching for plumbing and foundation work, indicating the systems and structure require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
With a list price of $740,000 and a projected After Repair Value (ARV) of $1.2 million, this property offers substantial equity growth for investors willing to execute a full restoration.
- Development & ADU Opportunity
The LARD1.5 zoning and detached two-car garage provide a clear path for developing a guest house or ADU, maximizing the utility and income potential of the 5,625 sqft lot.
- Prime Historic Location
Situated in the Alvarado Terrace Historic District, the property is surrounded by million-dollar homes and boasts excellent transit scores with close proximity to DTLA, Crypto Arena, and Hollywood.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
As a 1903 structure previously used as a boarding house, the property requires significant capital expenditure and creative restoration to address aging systems and structural needs.
- Tenant Occupancy Constraints
The residence is currently tenant-occupied with multiple independent living spaces, which may complicate the renovation timeline, financing options, and the transition to a single-family or multi-unit project.
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 featuring 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. Don't miss it, great opportunity for the right Investor. Owner motivated, open house coming soon. PLEASE DO NOT DISTURB TENANTS!!!
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
2/10
Leo Politi Elementary School
Grades K-5 • 0.5 mi
3/10
Magnolia Avenue Elementary School
Grades K-6 • 0.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,207 | 1,670.836 |
| Lot Size | 5,625 | 6,152.156 |
| Price | $740.0K | $1.34M |
| Price per sq ft | $335 | $807 |
| Built year | 1903 | 1941 |
| HOA | $0 | $238 |
| Days on market | 252 | 56 |
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