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$ 1,400,000
Est. payment /mo
Active
446 S Bonnie Brae Street Los Angeles, CA 90057
8 Beds
4,835 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,835 sqft
Price per Sqft $289
MLS Listing ID CL26857199
Bedrooms 8
HOA Y/N No
Year Built 1921
Lot Size 7,873 Sqft
Acres 0.18
Property Sub-Type OTHER
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
Zoning LAR4
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Building
New Construction No
Others
Tax ID 5154024008
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Listed by Edit Benyi • Coldwell Banker Envision