1978 Bonsallo Avenue, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1978 Bonsallo Avenue,Los Angeles, CA 90007
$1,599,800
- 7 Beds
- 4 Baths
- 3,456 sq. ft.
- Multi-family
- Active
Listed by: vinnie park
Office: keller williams larchmont323-762-2600
MLS#:26847235
Source:CRMLS
Price summary
- Price:$1,599,800
- Price per sq. ft.:$462.91
About this home
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....
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Home facts
- Year built:1923
- Listing ID #:26847235
- Added:41 day(s) ago
- Updated:July 23, 2026 at 07:31 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Kitchen Description:Refrigerator
- Living area:3,456 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1923
- Building area:3,456 sq. ft.
- Lot area:0.14 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,599,800
- Price per sq. ft.:$462.91
Features and amenities
- Appliances:Refrigerator
Parking
- Total parking spaces:6
- Parking description:Assigned
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