1978 Bonsallo AVE, Los Angeles, CA 90007
1978 Bonsallo AVE, Los Angeles, CA 90007
1978 Bonsallo AVE, Los Angeles, CA 90007
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$1,599,800
Est. payment /mo
7 Beds
4 Baths
3,456 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $462

MLS Listing ID 26847235

Bedrooms 7

HOA Y/N No

Year Built 1923

Lot Size 6,246 Sqft

Property Description

APPX 7% 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 6.8% 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 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

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Listed by Vinnie Park Keller Williams Larchmont #02015848

NEARBY SCHOOL & BUSINESS

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Realtor® Broker & Mortgage Broker | License ID: 01707848 NMLS: 908256

Realtor® Broker & Mortgage Broker License ID: 01707848 NMLS: 908256

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