446 S Bonnie Brae St, Los Angeles, CA 90057
446 S Bonnie Brae St, Los Angeles, CA 90057
446 S Bonnie Brae St, Los Angeles, CA 90057
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$ 1,400,000
Est. payment | /mo

8 Beds

4 Baths

4,835 SqFt


Save
$ 1,400,000
Est. payment | /mo
Save

8 Beds

4 Baths

4,835 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,835 sqft

Price per Sqft $289

MLS Listing ID 26857199

Bedrooms 8

Year Built 1921

Lot Size 7,873 Sqft

Acres 0.1807

Property Sub-Type Multi-Family

Property Description

Rare development opportunity, LAR4-1 zoning, TOC Tier 3 designation, steps from MacArthur Park Metro Station. 7,870 SF rectangular lot. Est. ~33 buildable units with a density bonus, increased FAR, and potentially eliminated parking per AB 2097, subject to City review and independent verification. Existing improvements: 4-unit residential building built 1921 (approx. 4,835 SF). Sold strictly AS-IS. Owner-occupied unit delivered vacant at close of escrow. Three units tenant-occupied and subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and California's Tenant Protection Act (AB 1482). All three tenancies transfer to the buyer at close of escrow. Unit 3 currently operates as a licensed family daycare home. SB 234 protections may apply. Buyer strongly advised to retain qualified RSO and land use legal counsel prior to making an offer. All development figures are estimates only. Buyer to independently verify all assumptions with a licensed architect and the City of Los Angeles. Seller and listing brokerage make no guarantees regarding development potential, tenant status, or future financial performance. Equal Housing Opportunity.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Garage

Pool None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Coldwell Banker Envision

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida, 32202, United States

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446 S Bonnie Brae St