446 S Bonnie Brae Street,Los Angeles, CA 90057
Los Angeles, CA 90057
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.
Details
| MLS # | 26857199 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 111 |
| Listing Provided By | Coldwell Banker Envision | Edit Benyi |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 4,835 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.18 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90057 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90057) | |
Price: $1,400,000 low | high Med: $475,000 sqft: 4,835 low | high Med: 1,089 $ / sqft: $290 low | high Med: $436 On site: 111 low | high Med: 46 | |
Market Activity 90057
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90057 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90057) | |
Price: $1,400,000 low | high Med: $475,000 sqft: 4,835 low | high Med: 1,089 $ / sqft: $290 low | high Med: $436 On site: 111 low | high Med: 46 | |
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