1425 S Bonnie Brae Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

ACTIVE$788,000
1425 S Bonnie Brae Street, Los Angeles, California 90006
0Bed
0Bath
3,480Sqft
6,369Lot
Year Built
1961
Close
-
List price
$788K
Original List price
$788K
Price/Sqft
$226
HOA
-
Days on market
-
Sold On
-
MLS number
SR25246068
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
Charming 5 plex in the heart of Pico Union! High rental demand area, close to the vibrant El Salvador Corridor with its many restaurants, shops and houses of worship. Fully occupied with wonderful long term tenants. Low maintenance-- separately metered utilities, including trash. Owner pays water only. 6.1% Cap rate. Charming Queen Anne revival architecture. Lots of upside. Convenient to West Adams, USC and Downtown. Drive by only, offer subject to interior inspection.
Nearby schools
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.4mi
2/10
Tenth Street Elementary School
Public,•K-5•0.6mi
3/10
Leo Politi Elementary School
Public,•K-5•0.6mi
4/10
Norwood Street Elementary School
Public,•K-5•0.6mi
8/10
Hoover Street Elementary School
Public,•K-5•0.9mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.0mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.1mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.2mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.3mi
3/10
Los Angeles Elementary School
Public,•K-5•1.4mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.5mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.8mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.2mi
3/10
Berendo Middle School
Public,•6-8•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•1.0mi
4/10
John Adams Middle School
Public,•6-8•1.6mi
5/10
Pio Pico Middle School
Public,•6-8•2.1mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.6mi
4/10
West Adams Preparatory High School
Public,•9-12•0.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.4mi
5/10
Santee Education Complex
Public,•9-12•1.5mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
5/10
Foshay Learning Center
Public,•K-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.9mi
Price History
Date
Event
Price
10/23/25
Listing
$788,000
12/26/12
Sold
$415,000
Condition Rating
Fair
Built in 1961, this 5-plex is over 60 years old. The exterior images show an aged building with visible wear and tear, consistent with its age and lack of recent major renovations. The listing explicitly states 'drive by only, offer subject to interior inspection' and highlights 'Property Age & Potential Upgrades' as a weakness, indicating potential deferred maintenance and the need for capital expenditures on systems. While fully occupied by long-term tenants, suggesting livability, the absence of interior photos and the property's age strongly imply that kitchens, bathrooms, appliances, and other interior features are outdated and would require significant updates to meet modern standards. This aligns with a 'Fair' condition, where the home is aged but maintained, and major components are functional but show signs of being outdated, requiring minor to moderate updates.
Pros & Cons
Pros
Prime Investment Location: Situated in the heart of Pico Union, a high rental demand area, with convenient access to the vibrant El Salvador Corridor, West Adams, USC, and Downtown Los Angeles.
Attractive Financials: The property boasts a strong 6.1% Cap rate, indicating a solid return on investment for a multi-unit property in Los Angeles.
Immediate Income & Stability: Fully occupied with long-term tenants, providing immediate and stable rental income with reduced vacancy risk.
Efficient Management: Utilities, including trash, are separately metered for each unit, significantly reducing the owner's operating costs and management burden (owner pays water only).
Multi-Unit Income Property: A charming 5-plex offering diversified income streams, ideal for investors seeking a stable asset in a desirable urban market.
Cons
Restricted Due Diligence: The 'drive by only, offer subject to interior inspection' condition limits initial buyer access and may create uncertainty regarding the property's interior condition and tenant situations.
Property Age & Potential Upgrades: Built in 1961, the property is over 60 years old, which may imply potential for deferred maintenance or the need for significant capital expenditures on systems (e.g., plumbing, electrical, roof) in the near future.
Ongoing Utility Expense: While most utilities are separately metered, the owner is responsible for water costs for all five units, which can be a substantial and variable expense.




