14
See all 14 photos
$1,500,000
Est. payment /mo
6 Beds
5 Baths
6,244 Sqft Lot
New
1978 Bonsallo Los Angeles, CA 90007
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26202470
Bedrooms 6
Lot Size 6,244 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 1978 Bonsallo Avenue, a 6-unit multifamily investment opportunity in University Park, Los Angeles. Built in 1923, the two-story, 3,456 SF building sits on a 6,244 SF lot one block south of the I-10 roughly a mile north of the USC campus and Exposition Park and two miles from Downtown Los Angeles, in one of the most renter-dense pockets in the city. The property offers a well-balanced mix of one 3-bed / 2-bath, two 2-bed / 1-bath, one 1-bed / 1-bath and two studio units. Interiors have been renovated with new shaker cabinetry, stone-look counters, stainless appliances, luxury vinyl plank flooring and updated tiled baths; gas and electricity are separately metered to each unit, and a large front parking court and rear balcony complete the offering. Average in-place rent of $2,115 sits well below market pro forma rents of $2,441 represent roughly 15% upside on natural turnover. Offered at $1,500,000 ($250,000 per unit, $434.03 per SF), the asset delivers a 7.02% in-place cap rate growing to 8.46% pro forma and a 9.85 GRM, with demand anchored by USC, Exposition Park and Downtown's 325,000 jobs.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction West of Figueroa and South of Washington
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5124033013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Ryan Gonzalez, DRE#01874815 Lyon Stahl Investment Real Est
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION