5912 Bonsallo Avenue, Los Angeles, CA 90044

About this fourplex

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.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$1,120,000

Sold March 2023 · listed $1,095,000, on market February 2023 · MLS #SB23030046 · Source: CRMLS

Listing Agent: Larson Harley · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 949-933-1112 · Bought with: David Ramirez · Desert Coast Realty, Inc.

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