Property will be sold in its current as-is condition. Seller will make no repairs or improvements. The owner-occupied unit (Unit 4) will be delivered vacant at close of escrow. Three RSO tenants will transfer with the property — the future owner inherits the existing tenancies.
Property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and California's Tenant Protection Act (AB 1482). Three residential tenancies will transfer to the Buyer at close of escrow. Buyer assumes full responsibility for compliance with all applicable RSO requirements including tenant relocation assistance obligations, required notice periods, and just-cause eviction procedures as required by the City of Los Angeles. Buyer is strongly advised to retain qualified RSO and land use legal counsel prior to making an offer to determine costs, timeline, and all related obligations specific to this property.
TOC Tier 3 density framework already written into the zoning code. Est. 70% density bonus over base zoning. No city approval fight required — the framework is already there.
Per AB 2097, minimum parking requirements may be fully eliminated for qualifying affordable developments at this Metro-adjacent location — potentially saving $650,000–$1,000,000 in construction costs.
Three RSO tenants transfer with the property. Owner unit delivered vacant.
*Subject to City of LA review, architectural confirmation, and independent verification per AB 2097 and TOC Tier 3 guidelines.
*All development figures are estimates based on current LAR4-1 zoning and TOC Tier 3 guidelines. Subject to City of LA review and independent verification. Not a guarantee of development potential.
Permits just reactivated. 30-unit 6-story development in active plan check. Adjacent lot on the same street.
City of Los Angeles issued Letter of Determination DIR-2016-4972-DB supporting a 26-unit development. Same LAR4-1 zoning. Same TOC Tier 3. Proof of concept on this exact block.
30-unit project now in final construction phase. Actively under development right now on this street.
20-unit complex a few blocks away — confirms sustained investor and developer demand in this submarket.
*All figures are estimates for illustrative purposes only. Subject to City of LA formal review and approval.
The listing agent is also a licensed mortgage loan originator through Loan Factory. Three lenders have already reviewed this asset and expressed interest in financing. This is offered as a convenience only — using Loan Factory for financing is entirely optional and has no bearing on the real estate transaction. Buyers are free and encouraged to use any lender of their choice.
Through Loan Factory's network, three lenders expressed interest before this went to market. When a buyer is identified, financing conversations begin the same day — no cold outreach, no delays. Full lender details available upon confirmed interest.
Mortgage origination services through Loan Factory NMLS #320841 · Edit Benyi NMLS #1762484. Optional — buyers free to use any lender. AfBA disclosure provided upon request.
446 S Bonnie Brae Street is now publicly listed at:
Full financials and deal details are available to qualified developers and investors upon request. The developers who move first set the terms. The ones who wait respond to them.
Contact for Details →Offering Memorandum available upon request. All development figures are estimates based on current LAR4-1 zoning and TOC Tier 3 guidelines. Subject to City of LA review. Buyer to verify independently.
For further information please contact us.
