1425 S Bonnie Brae Street, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This High-Density Development Asset is listed at $788,000, representing a stable entry point at its $788,000 Fair Market Value. Currently maintaining a Condition Rating of 4, the property functions as a high-yield income producer with a 6.1% Cap rate and steady cash flow from long-term tenants. The strategic R1.5 Zoning and TOC Tier 3 designation provide massive upside through significant density bonuses and reduced parking requirements. Located near USC and Downtown LA, this is a premier acquisition for Buy-and-Hold Investors or Developers seeking to capitalize on a high-rental-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 S Bonnie Brae Street Subject | $788,000* List Price | 0 | 0 | 3,480 | $226 | - |
A 1324 S Westlake Avenue Active | $850,000 List Price | 0 | 0 | 4,232 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is an older Queen Anne revival structure (listed as 1961, though the style is much older) that appears functional but aged. The 'drive-by only' restriction and total lack of interior photos strongly suggest that the kitchen, bathrooms, and internal systems are outdated and have not undergone recent renovations. While the exterior shows some deferred maintenance, the property is fully occupied and generating a 6.1% cap rate, indicating it is maintained well enough for occupancy but requires modernization to meet current quality standards.
Zoned R1.5 and situated in a TOC Tier 3 zone, the property offers substantial density bonuses and reduced parking requirements, making it a prime candidate for a high-density residential project.
The property boasts a solid 6.1% Cap rate with low owner expenses due to separately metered utilities for electricity, gas, and trash, providing immediate and stable cash flow.
Located in a vibrant area near the El Salvador Corridor and convenient to USC and Downtown LA, the property is positioned in a high-rental-demand pocket with excellent access to public transit.
The 'drive-by only' restriction and requirement for an offer prior to interior inspection increase the risk for buyers regarding the actual physical condition of the units.
While fully occupied with long-term tenants provides stability, it likely subjects the property to Los Angeles rent control ordinances, which can complicate the process of achieving market-rate rents.
Great cashflow or development opportunity in vibrant, high rental demand area. Zoned R1.5, TOC Tier 3 with significant density bonuses and reduced parking requirements. Close to public transportation, and the famous El Salvador Corridor with its many restaurants, shops and houses of worship. Fully occupied with 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.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 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 | 3,480 | 3,522 | 50% |
| Lot Size | 6,369 | 6,137 | 50% |
| Price | $788.0K | $934.0K | 50% |
| Price per sq ft | $226 | $265 | 50% |
| Built year | 1961 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 181 | 242 | 50% |
Oct 23, 2025
$788,000
Initial Listing
Dec 26, 2012
$415,000
Public Record