939 S Bonnie Beach Place, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE$849,900
939 S Bonnie Beach Place, Los Angeles, California 90023
0Bed
0Bath
1,920Sqft
8,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: The property consists of 3 units, offering immediate rental income.
Top Cons:
Age of Property: Built in 1925, the property may require ongoing maintenance and potential upgrades due to its age.
Compared to the nearby listings
Price:$849.9K vs avg $655.0K (+$194,900)77%
Size:1,920 sqft vs avg 1,702 sqft62%
Price/sqft:$443 vs avg $44350%
More Insights
Built in 1925 (100 years old).
Condition: The property was built in 1925. The description mentions that two of the three units have been recently remodeled inside. Based on the images, the remodels appear to be basic updates. The kitchens and bathrooms are functional but not high-end. Given the age of the property and the extent of the renovations, a 'fair' condition score is appropriate.
Year Built
1925
Close
-
List price
$850K
Original List price
$900K
Price/Sqft
$443
HOA
-
Days on market
-
Sold On
-
MLS number
DW24201911
Home ConditionFair
Features
Patio
View-
About this home
LOCATION, LOCATION, NO RENT CONTROL AREA, 3 UNITS 3 BUILDINGS - Welcome to this 3 beautiful units, 2 of them they been recently inside remodeled, all units provide a one-bedroom, one-bathroom sitting in their own building situated on the unincorporated area of East Los Angeles. The interior features an open-concept layout that maximizes space and natural light. These units are currently leased on a month-to-month basis, providing flexibility for future occupancy or investment strategies. Given its location in a non-rent control area, there is potential for rental increases of UP TO 10%, making this property an attractive investment opportunity, this one won’t last!
Price History
Date
Event
Price
09/14/21
Sold
$700,000
08/26/10
Sold
$255,000
Condition Rating
Fair
The property was built in 1925. The description mentions that two of the three units have been recently remodeled inside. Based on the images, the remodels appear to be basic updates. The kitchens and bathrooms are functional but not high-end. Given the age of the property and the extent of the renovations, a 'fair' condition score is appropriate.
Pros & Cons
Pros
Income Potential: The property consists of 3 units, offering immediate rental income.
No Rent Control: Located in a non-rent control area, allowing for potential rental increases up to 10%.
Remodeled Units: Two of the three units have been recently remodeled, increasing their appeal to renters.
Cons
Age of Property: Built in 1925, the property may require ongoing maintenance and potential upgrades due to its age.
Month-to-Month Leases: Current leases are month-to-month, which may present instability in rental income until longer-term leases are secured.