Skip To Content
    Return to Previous Page

    329 S Bonnie Brae Street

    Los Angeles (City), CA 90057
    • $2,395,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 21675064
    UPDATED: 64 min ago
    $2,395,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,989
      SQFT
    • $109
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    RTI 30-Unit Development site in one of the hottest up and coming Opportunity Zones of North Westlake, just south of Silverlake with views of Downtown Los Angeles and Koreatown skylines. Existing 4plex is deliverable VACANT at no cost to Buyer and NEVER before seen pricing of $80,000 per unit!! R4 zoning with a TOC III Density Bonus of 70% /w alleyway access and faces 4th St which provides a clear view of the World-Renowned Downtown Los Angeles Skyline. Plans call for a 6-story apartment with 3 dedicated low income units, rootftop access with views of Downtown, 1 level subterranean parking with 1 on-grade level parking. Once built and fully stabilized, subject property will command great demand given the location pulling in renters from Koreatown to the West, Silverlake to the North, USC to the South, and DTLA to the East. Great location to get grant money and low income credit to build low income affordable housing.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T22:28:57.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112986051
    Print Image

    329 S Bonnie Brae Street Los Angeles (City), CA 90057

    • Price: $2,395,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: 21675064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    21,989
    SQFT
    $109
    $/SQFT
    1911
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    RTI 30-Unit Development site in one of the hottest up and coming Opportunity Zones of North Westlake, just south of Silverlake with views of Downtown Los Angeles and Koreatown skylines. Existing 4plex is deliverable VACANT at no cost to Buyer and NEVER before seen pricing of $80,000 per unit!! R4 zoning with a TOC III Density Bonus of 70% /w alleyway access and faces 4th St which provides a clear view of the World-Renowned Downtown Los Angeles Skyline. Plans call for a 6-story apartment with 3 dedicated low income units, rootftop access with views of Downtown, 1 level subterranean parking with 1 on-grade level parking. Once built and fully stabilized, subject property will command great demand given the location pulling in renters from Koreatown to the West, Silverlake to the North, USC to the South, and DTLA to the East. Great location to get grant money and low income credit to build low income affordable housing.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features None Parking YN No

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Country Us Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Net Operating Income 0.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 0.00 Vacancy Allowance Rate 0.00 Zoning Lar4

    Listing provided courtesy of Alex Shin of Keller Williams Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T22:28:57.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365077803-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365077803-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365077803-1.jpg
    Logo
    Desert Area Homes For Sale | Premier Properties
    78115 Calle Estado #104
    La Quinta CA, 92253