1978 Bonsallo Ave Los Angeles, CA 90007

This charming 6-unit apartment building, located at 1978 Bonsallo Ave, Los Angeles, CA 90007, presents a compelling investment opportunity. The property, built in 1923 and situated on a 6,244 sq ft lot, consists of two structures totaling 3,456 square feet. The unit mix includes one 3-bedroom, 2-bathroom house, two 2-bedroom, 1-bathroom units, one 1-bedroom, 1-bathroom unit, and two studios. Each unit boasts recently renovated kitchens and bathrooms, new hardwood-style flooring, and fresh paint. The property features six parking spaces and is separately metered. The asking price is $1,799,800, representing a price per unit of $299,966.67 and a price per square foot of $520.78. The current NOI is $91,753, resulting in a 5.10% cap rate, with a pro-forma cap rate of 7.60%. The property is zoned LARD1.5 and is located in a historic preservation neighborhood (HPOZ), within close proximity to Mt. St. Mary's University and the University of Southern California, offering easy access to freeways and public transportation. This location is highly desirable, making it ideal for student housing. The property's strong performance and potential for increased returns make it an attractive investment. The APN is 5124-033-013.