220 Bonnie Brae St Los Angeles, CA 90057-2512
Property profile & analytics
220 Bonnie Brae St Los Angeles, CA 90057-2512
- Apartment buildings
- 6,353 SF
- 0.19 lot acres
Property ID
US09-6773974
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 220 Bonnie Brae St
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 6,353 SF
- Zone code
- LAR4
- Property type
- Apartment buildings
- APN
- 5154-001-024
- APU
- 5154001024
Description
This exceptional investment opportunity presents a 7-unit apartment building (including a permitted ADU) situated on a substantial 8,287 square foot lot in Los Angeles's desirable Echo Park neighborhood. The property boasts a current NOI of $75,138, with a pro-forma NOI of $128,756 after the completion of the approved Accessory Dwelling Unit (ADU). The existing building features 6 units, all currently occupied, and the approved plans for the ADU will add a 2-bedroom, 2-bathroom unit. The property's R4-1 Tier 1 zoning, coupled with its 165 x 50 foot dimensions and 20-foot alley access, presents significant redevelopment potential, allowing for the construction of approximately 70 units under ED-1 guidelines. The property includes 5 parking spaces and is conveniently located within a 15-minute walk of the Metro Subway Station, making it highly attractive in a pedestrian-friendly area. This prime location offers easy access to major freeways (101 and 110), placing it within close proximity to Downtown Los Angeles, Silver Lake, Koreatown, and Hollywood. The asking price is $1,225,000, representing a 5.46% cap rate and a pro-forma cap rate of 9.36%. The property is being sold as-is, with long-term tenants in place. A new owner will need to communicate with tenants after the close of escrow. This presents a unique chance to acquire a high-yield property with substantial upside potential in a rapidly appreciating market. The property's walkability, transit access, and redevelopment potential make it an ideal investment for both seasoned and emerging real estate investors.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,240,000
- ML approach
- $1,175,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,623,000
Market price range: $1.01M - $1.75M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,310,000 Current use
- COMMERCIAL (GENERAL)
- $1,905,000 Change: +45% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.269
- Latitude
- 34.0636
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,226
$1,093,645
$246,068
$1,339,713
-
$0.00
$0.00
$0.00
