Property Description

5912 Bonsallo Ave, Los Angeles is a 4-unit building that will be delivered fully vacant, providing an immediate value-add opportunity to an investor. The market rent for a 2-bed/1-bath apartment in 90044 is $2,200/month and the maximum Section 8 Voucher for a 2-bedroom in Los Angeles is $2,666. Once the building is stabilized, it will operate over a 7% CAP rate excluding renovation costs. The property has four uncovered parking spaces in the rear with the potential to build a detached ADU by right (buyer to verify). Located west of the 110 with easy freeway access, this property is just two miles south of Exposition Park and USC. This is a rare opportunity to purchase the only fully vacant apartment building in the 90044 zip code with substantial growth and cash flow potential.