1238 S Bonnie Brae St, Los Angeles, CA 90006

Eat Your Cake and Have It Too! Live, Earn, and Enjoy! Welcome to this beautifully rebuilt Arts-and-Crafts Tudor-style residence in the vibrant and centrally located Pico-Union neighborhood just minutes from Downtown LA, Koreatown, and USC, with easy access to public transportation. Originally built in 1905 and thoughtfully reconstructed in 2019, this rare property combines classic charm with modern functionality. It features a stunning private 2-bedroom, 2-bath first-floor home with a spacious eat-in kitchen, generous living room, and optional dining space. Live in it yourself or rent it out for extra income. Upstairs, income potential abounds. The second and third floors function as a multi-level boarding house, offering four independently accessed rental suites (via a separate exterior entrance). Each suite features: A walk-in closet, Private bathroom, Air conditioning, Cable/internet/satellite-ready connections. Tenants share a convenient communal kitchenette, a 3rd-floor lounge with skyline views of DTLA, a soundproof music/rehearsal space, and a cozy study/office area. There's even an app-enabled washer/dryer on site. Utilities and parking are included in the rent. Additional highlights include: Parking for up to 4 vehicles in the driveway. Located in the Pico-Union Historic Preservation Overlay Zone (HPOZ), surrounded by beautiful historic homes. Walking distance to shops, transit, and cultural attractions. Proximity to USC, UCLA, Loyola Law School, and major medical centers. This unique and flexible property is ideal for an owner-user, investor, or anyone looking to combine classic architecture, a convenient location, and exceptional income potential.