New Listing – 4-Unit Property with 6% CAP Rate

New Listing – 4-Unit Property with 6% CAP Rate

Austin Longwell of Lyon | Stahl Investment Real Estate is pleased to present 6926 Bonsallo Ave, a 4-unit property for sale in Los Angeles!

Listed at $1,000,000 this building built in 1964 has a cap rate of 6.06% and a GRM of 12.10


This property is now back on the market after major renovation and eviction. Three of the four units are completely renovated and ready for market rate tenants. The client has put major $$$ into units and has evicted all section 8 tenants. The new owner just has to rent out the units and enjoy the cash flow.

Please call listing agent for more details.

Investment Highlights:
● Large 850+ Sq Ft units
● Terrific Unit Mix: (3) 2 Bed/1 Bath & (1) 2 Bed/2 Bath units
● 3/4 Units are being delivered remodeled and vacant; Immediate opportunity to achieve market rents
● Located within 5 miles of USC, Exposition Park, LAFC Stadium, The Forum, and the new Hollywood Park development.

City Overview:  

The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates.  According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion – placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five.

Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, and many more. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Los Angeles’ well-educated labor pool, many universities, wonderful climate, and world-class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.

 

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