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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,500,000

Est. payment - /mo

6,242 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26202470

HOA Y/N No

Year Built 1923

Lot Size 6,242 Sqft

Property Sub-Type Apartment

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

Area C42 - Downtown L.A.

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5124033013

Energy Description 1492.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Ryan Gonzalez Lyon Stahl Investment Real Est ryan.gonzalez@lyonstahl.com, DRE #01874815

NEARBY SCHOOL & BUSINESS

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1978 Bonsallo Los Angeles, CA 90007