1978 Bonsallo Ave Los Angeles, CA 90007
University Park NeighborhoodAbout This Home
6.4% CURRENT CAP RATE | FULLY RENOVATED & STABILIZED 6-UNIT IN USC DPS PATROL ZONE | SIGNIFICANT RENTAL UPSIDE! 1978 Bonsallo presents a rare opportunity to acquire a fully renovated, stabilized 6-unit asset in one of Los Angeles' most reliable student housing markets. While the property is already performing at a 6.4% cap rate, it offers meaningful upside through organic rent growth, as rents are slightly below market creating immediate potential for increased income. Ideally positioned near USC and Mount St. Mary's University, the property features charming Cape Cod-style architecture (originally built in 1923) across two structures, with an excellent unit mix: (1) detached 3BD/2BA home, (2) 2BD/1BA units, (1) 1BD/1BA, and (2) large studios, a highly desirable layout for student and young professional tenants. Each unit has been extensively renovated, showcasing brand new kitchens, designer-finished bathrooms, hardwood-style flooring, and fresh interior paint, all paired with efficient, functional floor plans that maximize rentability and long-term tenant appeal. The property spans approximately 3,456 SF on a quiet, tree-lined street in a sought-after rental pocket. Located less than a mile from USC, minutes to USC Village, and with easy access to Downtown LA, LA Live, and Crypto.com Arena. Tenants also benefit from walkable access to the Expo Line and convenient connectivity to the 10 and 110 freeways. Additional highlights include separately metered units and location within a Historic Preservation Overlay Zone (HPOZ). This is a turnkey, stabilized investment with strong in-place cash flow and clear, near-term rental upsideideal for investors seeking both security and growth in a high-demand Los Angeles submarket.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Interior Spaces
- 3,456 Sq Ft Home
- 2-Story Property
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Parking
- 6 Parking Spaces
- Assigned Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Additional Features
- 6,246 Sq Ft Lot
- Guest House
Community Details
- 2 Buildings
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5124-033-013
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,191 | $989,908 | $739,587 | $250,321 |
| 2024 | $12,191 | $970,499 | $725,086 | $245,413 |
| 2023 | $11,964 | $951,470 | $710,869 | $240,601 |
| 2022 | $11,421 | $932,815 | $696,931 | $235,884 |
| 2021 | $11,268 | $914,525 | $683,266 | $231,259 |
| 2020 | $11,379 | $905,148 | $676,260 | $228,888 |
| 2019 | $10,937 | $887,400 | $663,000 | $224,400 |
| 2018 | $8,044 | $637,500 | $408,000 | $229,500 |
| 2016 | $841 | $39,709 | $22,548 | $17,161 |
| 2015 | $834 | $39,114 | $22,210 | $16,904 |
| 2014 | $867 | $38,348 | $21,775 | $16,573 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $1,725,000 | +110.4% | $499 / Sq Ft | |
| 01/22/2018 01/22/18 | Sold | $820,000 | -16.3% | $237 / Sq Ft | View Prior Sale |
| 12/23/2017 12/23/17 | Pending | -- | -- | -- | |
| 12/02/2017 12/02/17 | For Sale | $979,990 | +19.5% | $284 / Sq Ft | |
| 12/01/2017 12/01/17 | Off Market | $820,000 | -- | -- | |
| 09/17/2017 09/17/17 | Price Changed | $979,990 | -8.4% | $284 / Sq Ft | |
| 07/10/2017 07/10/17 | Price Changed | $1,069,990 | -2.7% | $310 / Sq Ft | |
| 05/30/2017 05/30/17 | For Sale | $1,099,990 | -- | $318 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $870,000 | Pacific Coast Title Company | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $640,000 | Commercial |
Source: The MLS
MLS Number: 26669083
APN: 5124-033-013
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