First time on the market in over 25 years! Set behind mature trees and lush landscaping, 1605 S Bonnie Brae Street offers a rare opportunity to own a two-story single-family residence within a peaceful, gated residential compound near the heart of Los Angeles. Built in 1923, the two story craftsman home features generous room sizes and a large outdoor area with a wrap around porch. With a full kitchen upstairs and a full kitchen downstairs, the residence has a configuration that lends itself well to multigenerational living, work-from-home arrangements, or creative renovation. The property is accessed via a shared, gated driveway serving a small collection of neighboring homes, creating a uniquely private, compound-like setting that feels removed from the surrounding city while remaining centrally located. On-site parking is provided through this secure drive. Zoned CM-1 and located within TOC Tier 3, the property offers long-term upside while currently functioning as a single-family residence. Eligible for ED-1 and subject to JSO, but not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). The property can be delivered vacant, presenting an excellent opportunity for an owner-occupant to personalize and restore a character-rich home within a serene residential enclave. Ideally situated near DTLA, Koreatown, USC, major transit corridors, and the 10, 110, and 101 freeways. A truly unique offering combining privacy, scale, and central location, this is a rare chance to create a long-term residence within one of Los Angeles' most connected neighborhoods. Note: the property is part of a small, privately held residential compound; additional adjacent parcels may be purchased individually, or all four together for $2,950,000. Please inquire for further details. Buyer to independently verify square footage, layout, bedroom and bathroom count, permits, and the legality of all improvements, systems, and configurations. Listing broker and seller make no representations regarding permitted improvements. Interior photos were omitted for privacy reasons as the property is owner occupied.