
Los Angeles, California 90006
This property presents a High-Potential Investment Opportunity with a List Price of $625,000, currently aligned with its $625,000 Fair Market Value. Featuring a Condition Rating of 5, this 1903 historic home requires significant restoration, yet its RD1.5-1 Zoning and TOC Tier 3 status offer exceptional development flexibility. The gated compound setting provides a unique, private environment near major transit corridors. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to restore a character-rich property with long-term appreciation potential.
Property is extensive renovation needed.
Built in 1903 and held by the same owner for over 25 years, this property shows signs of significant deferred maintenance. The listing explicitly omits interior photos and notes the home requires restoration and modernization. Given the age and the 'character-rich' description, major systems, the kitchen, and bathrooms likely require substantial rehabilitation to meet current safety and quality standards. It is positioned as a fixer-upper opportunity rather than a move-in ready residence.
Ideally positioned near DTLA, Koreatown, and USC with immediate access to the 10, 110, and 101 freeways, offering exceptional connectivity for urban professionals and commuters.
Zoned RD1.5-1 in a TOC Tier 3 area and exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing significant flexibility for development or rental income optimization.
Set behind a shared gated driveway with mature landscaping, this 1903 historic home offers a rare, secure, and tranquil environment that feels removed from the surrounding city.
Being located within a Historic Preservation Overlay Zone means any exterior renovations or restorations must adhere to strict guidelines, which can increase the complexity and cost of improvements.
Off the market for over 25 years and sold without interior photos, the property likely requires substantial modernization and capital investment to update its systems and interior finishes.
First time on the market in over 25 years. Set behind mature trees and lush landscaping, 1611 S Bonnie Brae Street offers a rare opportunity to own a two-story single-family residence within a quiet, gated residential compound near the heart of Los Angeles. Originally built in 1903, the home spans approximately 1,378 square feet and features a four-bedroom, two-bathroom layout across two levels. The configuration provides a strong foundation for an owner-occupant seeking a character-rich home with room to personalize, adapt, and restore over time. The property is accessed via a shared, gated driveway serving a small collection of neighboring homes, creating a private, compound-like environment that feels removed from the surrounding city while remaining centrally located. On-site parking is provided through this secure driveway. Located within a Historic Preservation Overlay Zone (HPOZ) and zoned RD1.5-1, the property is situated in TOC Tier 3 and is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), though it is subject to the Just Cause Ordinance (JCO). Buyer to independently verify all zoning, HPOZ guidelines, and use restrictions. Ideally positioned near DTLA, Koreatown, USC, major transit corridors, and the 10, 110, and 101 freeways, the home offers a compelling opportunity for an owner-occupant seeking privacy, historic character, and central connectivity. Note: The property is part of a small, privately held residential compound; additional adjacent parcels may be purchased individually, or all four together for $2,950,000. Please inquire for further details. Buyer to independently verify square footage, layout, bedroom and bathroom count, permits, and the legality of all improvements, systems, and configurations. Listing broker and seller make no representations regarding permitted improvements. Interior photos were omitted for privacy reasons as the property is occupied.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,378 | 1,664.159 |
| Lot Size | 6,380 | 6,066.556 |
| Price | $625.0K | $1.35M |
| Price per sq ft | $454 | $806 |
| Built year | 1903 | 1939 |
| HOA | $0 | $278 |
| Days on market | 226 | 55 |
Jan 26, 2026
$625,000
Initial Listing
Oct 31, 2000
$500,000
Public Record