1437 Bonnie Brae Street, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This 1903 Quadruplex Asset is listed at $998,000, reflecting its strategic location near Downtown L.A. While priced above the $855,120 Fair Market Value, the property’s Diverse Unit Mix, City Skyline Views, and rare Ample Off-Street Parking provide a strong foundation for rental growth. With a Condition Rating of 5, the asset requires a comprehensive value-add renovation to modernize dated systems and maximize ROI. Proximity to the high-rated Hoover Street Elementary ensures consistent rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to execute an owner-occupancy income strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1437 Bonnie Brae Street Subject | $998,000* List Price | 0 | 0 | 2,567 | $333 | - |
A 1311 Dewey Avenue Sold | $875,000 | 0 | 0 | 2,041 | $429 | 0.8 mi |
B 1153 S Westlake S Pending | $750,000 List Price | 0 | 0 | 2,654 | $283 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1903, this quadruplex shows significant age throughout its interior. The kitchen features very dated white cabinets, tile countertops, and older appliances, suggesting a renovation that occurred 30-50 years ago or even earlier. Flooring consists of older vinyl/ceramic tile and worn, dated carpet. Heating is provided by wall-mounted gas furnaces, indicating a lack of central HVAC. While the exterior appears maintained, the interior components are functionally adequate but aesthetically and technologically outdated, requiring substantial rehabilitation to meet current standards and tenant expectations.
As a quadruplex, this property offers significant income-generating potential, allowing for either full investment or owner-occupancy with rental income from the other units.
The property features a variety of unit configurations (2-bed/2-bath, 2-bed/1-bath, 1-bed/1-bath), catering to a wider range of potential tenants and maximizing occupancy.
A long driveway with plenty of parking at the front and rear, plus a carport, is a significant advantage in a dense urban area like Los Angeles, enhancing tenant appeal.
Built in 1903, the property's age suggests potential for outdated infrastructure (plumbing, electrical, HVAC) and higher ongoing maintenance costs or future capital expenditures.
As an older multi-unit property in Los Angeles, it is highly likely to be subject to rent control ordinances, which could limit rental income growth and impact investment flexibility.
While described as 'well maintained,' the absence of specific details regarding recent major system upgrades or interior renovations for a property of this age could indicate deferred maintenance or immediate investment needs for modernization.
Awesome opportunity! 2 story quadruplex (4 unit building) that's perfect for investment or to live in one and rent the others. This well maintained property futures the following units: (1st) 2 bedrooms/2 baths, (2nd) 2 bedrooms/1bath, (3rd) 1 bedroom/1 bath, (4th) 1 bedroom/1 bath. There's a long driveway with plenty of parking at front and rear, 1 carport and 2 storage sheds. This property is centrally located and close to all including freeways, schools, shopping, restaurants and entertainment. This one is definitely a must see and will not last!!
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 | 2,567 | 1,900 | 80% |
| Lot Size | 6,367 | 5,100 | 60% |
| Price | $998.0K | $840.0K | 80% |
| Price per sq ft | $389 | $429 | 40% |
| Built year | 1903 | 1922 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 203 | 20% |
Nov 18, 2025
$998,000
Initial Listing