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    329 S Bonnie Brae St

    Los Angeles, CA 90057
    • $2,395,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 21-675064
    $2,395,000
    • 4
      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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-02T23:42:27.82. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/112984509
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    329 S Bonnie Brae St Los Angeles, CA 90057

    • Price: $2,395,000
    • Status: Active
    • ID#: 21-675064
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    21,989
    SQFT
    $109
    $/SQFT
    1911
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    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 Area 7513 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 4.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 576141 Gross Income 0 Gross Operating Income 0 Like Units1 4 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Plans Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Rso Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Alex Shin DRE# of Keller Williams Downtown La.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-02T23:42:27.82. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583