38
See all 38 photos
$1,699,800
Est. payment /mo
7 Beds
4 Baths
3,456 SqFt
Price Dropped by $25K
1978 Bonsallo AVE Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $491
MLS Listing ID 26669083
Bedrooms 7
HOA Y/N No
Year Built 1923
Lot Size 6,246 Sqft
Property Description
6.4% CURRENT CAP RATE | FULLY RENOVATED & STABILIZED 6-UNIT IN USC DPS PATROL ZONE | SIGNIFICANT RENTAL UPSIDE! 1978 Bonsallo presents a rare opportunity to acquire a fully renovated, stabilized 6-unit asset in one of Los Angeles' most reliable student housing markets. While the property is already performing at a 6.4% cap rate, it offers meaningful upside through organic rent growth, as rents are slightly below market creating immediate potential for increased income. Ideally positioned near USC and Mount St. Mary's University, the property features charming Cape Cod-style architecture (originally built in 1923) across two structures, with an excellent unit mix: (1) detached 3BD/2BA home, (2) 2BD/1BA units, (1) 1BD/1BA, and (2) large studios, a highly desirable layout for student and young professional tenants. Each unit has been extensively renovated, showcasing brand new kitchens, designer-finished bathrooms, hardwood-style flooring, and fresh interior paint, all paired with efficient, functional floor plans that maximize rentability and long-term tenant appeal. The property spans approximately 3,456 SF on a quiet, tree-lined street in a sought-after rental pocket. Located less than a mile from USC, minutes to USC Village, and with easy access to Downtown LA, LA Live, and Crypto.com Arena. Tenants also benefit from walkable access to the Expo Line and convenient connectivity to the 10 and 110 freeways. Additional highlights include separately metered units and location within a Historic Preservation Overlay Zone (HPOZ). This is a turnkey, stabilized investment with strong in-place cash flow and clear, near-term rental upsideideal for investors seeking both security and growth in a high-demand Los Angeles submarket.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Rooms
Other Rooms Guest House
Interior
Heating Wall Furnace
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Parking Features Assigned
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
Additional Building Guest House
New Construction No
Others
Senior Community No
Tax ID 5124033013
Special Listing Condition Standard
Listed by Vinnie Park Keller Williams Larchmont #02015848
NEARBY SCHOOL & BUSINESS
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