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$ 1,225,000
Est. payment /mo
Active Under Contract
220 S Bonnie Brae ST Los Angeles, CA 90057
12 Beds
14 Baths
6,989 SqFt
UPDATED:
03/12/2025 09:07 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,989 sqft
Price per Sqft $175
MLS Listing ID 24417167
Bedrooms 12
HOA Y/N No
Year Built 1948
Lot Size 8,289 Sqft
Lot Dimensions Assessor
Property Description
We are proud to exclusively present for sale a 6 Unit + RTI ADU Residential Building with tremendous redevelopment potential in the Historic Filipinotown area of Echo Park! The property currently features a six unit building on an oversized lot with 9 single car garages. The sellers have an RTI / Approved Plan Check to convert the four garages in front into a 2 Bedroom, 2 Bathroom Accessory Dwelling Unit (ADU). With 8,287 SF of R4-1 Tier 1 land, and backing up to a 20 foot wide alley, a developer could build 70+/- units by ED-1. There are long terms tenants; the property will be delivered fully occupied with no relocation agreements. A new owner will need to talk to tenants after close of Escrow. The property is perfect for redevelopment into a market rate project or preferably a 100% Affordable Housing project! With just a 15 minute walk to the Metro Subway Station at MacArthur Park, rest assured that limited (or no) parking should not affect a project in this very pedestrian friendly area. With easy access to the 101 and 110 freeways, this property is centrally located to benefit from what Downtown, Silver Lake, Echo Park, Hollywood, Koreatown and more have to offer! Designated as Very Walkable, Excellent Transit and Bikeable by Walk Score, come build a place your future tenants truly can call home! This high-demand area is in the middle of everything that younger professionals are looking for! Square footage, bedrooms and bathrooms includes the RTI ADU as it will be built. CAP and GRM take into account the budget of $150,000 to build the ADU.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning R4-1 Tier 1
Interior
Inclusions RTI ADU Plans.
Fireplace No
Exterior
Attached Garage No
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5154001024
Special Listing Condition Standard
Listed by Dario Svidler • Keller Williams Beverly Hills