5912 Bonsallo Ave, Los Angeles, CA 90044

5912 Bonsallo Ave, Los Angeles, CA 90044

Los Angeles, CA

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.

Property Features

  • Sale Price: $1,095,000
  • Area Size: 3,188 Sq. Ft.
  • Land Area: 5,671 Sq. Ft.
  • Year Built: 1963
  • Listing Date: 2/21/2023
  • Units: 4
  • Price Per Unit: $273,750
  • Current NOI: $78,195

Lyon Stahl Investment Real Estate

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