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1031 S Bonnie Beach Place, East Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

1031 S Bonnie Beach Place, East Los Angeles, California 90023 home-pic-0
ACTIVE$2,659,000
1031 S Bonnie Beach Place, East Los Angeles, California 90023
0Bed
0Bath
6,986Sqft
8,002Lot
Year Built
2023
Close
-
List price
$2.66M
Original List price
$2.7M
Price/Sqft
$381
HOA
-
Days on market
-
Sold On
-
MLS number
DW24197999
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.66M(92th), sqft - 6986(92th), beds - undefined(50th), baths - undefined(50th).

GREAT OPPORTUNITY NEW PRICE, NEW CONSTRUCTION 13 bedroom 9 bathrooms. Combined two buildings approx. 6.986 sf. Sited on Fenced 8.000 sf. Zoned LCR4. Two level 3 units: Front Unit #1031 have 5 bedrooms, 3 bathrooms, laundry room inside, long driveway 4 cars parking. Back building two units: Unit #1033-1 features 4 bedrooms, 3 bathrooms, laundry room inside, attached 2 cars garage and additional two cars uncovered parking space. Unit #1033-2 feature 4 bedrooms, 3 bathrooms, laundry room inside, attached 2 cars garage and additional 2 cars uncovered parking space. YEAR BUILT 2023 makes it perfect for any investor as well as little to no maintenance for years to come since the property is in new construction condition. Note: Separate water, gas and electrical meters. TENANTS PAY UTILITIES. Property easy access to FWY 710, 5, 60, 101, 10. ALL THE UNITS TENANTS OCCUPIED.

Price History

Date
Event
Price
09/18/25
Price Change
$2,659,000
09/23/24
Listing
$2,700,000
10/05/18
Sold
$430,000
04/17/18
Sold
$410,000
Condition Rating
Excellent
This property is brand new construction, built in 2023, as explicitly stated in the description and confirmed by all images. The kitchens feature modern white shaker cabinets, white quartz countertops, stylish herringbone tile backsplashes, and new stainless steel appliances (hood visible). Bathrooms are equally contemporary with new vanities, quartz countertops, glass-enclosed showers with modern tile work, and updated fixtures. The flooring consists of new large format tile and laminate wood. All components, including lighting (recessed and modern pendants), electrical, and overall finishes, are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction: Built in 2023, this property offers the benefits of new construction, including minimal maintenance requirements for years to come and modern building standards, appealing to both investors and tenants.
Immediate Income Generation: Comprising three separate units, all currently tenant-occupied, the property provides immediate rental income and a strong cash flow opportunity for investors.
Separate Utilities: Each unit features separate water, gas, and electrical meters, with tenants responsible for paying utilities, significantly reducing landlord operating expenses and simplifying management.
High Capacity & Rental Potential: With a total of 13 bedrooms and 9 bathrooms across 6,986 sqft, the property offers substantial living space and high occupancy potential, maximizing rental income.
Ample Parking: The property boasts generous parking, including a long driveway for 4 cars for the front unit, and attached 2-car garages with additional uncovered spaces for the two back units, a valuable asset in Los Angeles.

Cons

Neighborhood Appeal: While offering excellent freeway access, the East Los Angeles location may not appeal to all tenant demographics or investors seeking properties in more traditionally high-demand or rapidly appreciating areas of Los Angeles.
High Bedroom Count per Unit: The configuration of 5 bedrooms in one unit and 4 bedrooms in the other two units, while maximizing occupancy, could attract a specific tenant profile (e.g., larger families, multiple roommates) which might lead to higher wear and tear or more intensive property management.
Limited Amenity Details: The description highlights new construction but lacks specific details regarding interior finishes, appliance packages, or additional amenities beyond parking, which could be a missed opportunity to showcase premium value or might suggest standard-grade appointments.

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