220 S Bonnie Brae Street, Los Angeles, CA 90057 - Berkshire Hathaway HomeServices California Properties

220 S Bonnie Brae Street, Los Angeles, CA 90057

$1,225,000 Approx. USD 12 beds, 14 baths
6,989 sqft

Listing Agent


Dario Svidler | dario@svidlercre.com
Lic#: 01884474
Broker: Courtesy of Keller Williams Beverly Hills

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 24417167
Price: $1,225,000
Beds: 12
Baths: 14
Built in 1948
6,989 sqft
2 stories
0.19 acres
Lot size: 0.1903
County: Los Angeles
Zoning: R4-1 Tier 1
MLS area: C42 - Downtown L.A.

Last Updated: 3/12/2025

 Days On Market (DOM): 237

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.063621, -118.268628.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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