Los Angeles, CA 90044,5912 Bonsallo AVE
Los Angeles, CA 90044,5912 Bonsallo AVE
Los Angeles, CA 90044,5912 Bonsallo AVE
$1,120,000
Est. payment /mo
$1,095,000
2.3%
Est.Price: ?

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5,671 Sqft Lot
SOLD DATE : 03/28/2023

Key Details

Sold Price $1,120,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB23030046

Sold Date 03/28/23

HOA Y/N No

Year Built 1963

Lot Size 5,671 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description Paved, Street Level

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6004031026

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc. • 949-933-1112
Bought with David Ramirez • Desert Coast Realty, Inc.

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Home Base Realty

Broker | License ID: 93-1513373

+1(562) 581-5096

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