2101 Bonsallo Ave - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$2,995,000 USD
805-637-3623
2101 Bonsallo Ave, Los Angeles, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/9
null | 7.48% Cap Rate

2101 Bonsallo Ave
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Newly Renovated Units Achieving High Rents
  • Strong Cash Flow from Day 1
  • Below Average Expense Profile
  • Gentrifying Area Allowing for Above Average Appreciation
  • Strong Student Housing Component

OVERVIEW

The subject property is centrally located, offering quick access to premium entertainment such as The LA Memorial Coliseum and The Natural History Museum. The property is located within the USC patrol zone which provides access to a strong student rental market. The building has a mix of 4 four-bedroom, and 2 two-bedroom units. Four of the six units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are also completely sub-metered for gas, electrical, and water (RUBS - billed to tenants) resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations, the expense profile of the property is extremely low, and will allow for strong cash flow immediately. The four renovated units are fully leased by students for the 2024-2025 academic school year through the summer of 2025.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

6

PRICE/UNIT

$499,167

CAP RATE

7.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RD, Los Angeles

APN/PARCEL ID

5124-031-017

ASK ABOUT THIS PROPERTY

Christian MkpadoKW CommercialMore Info
805-637-3623

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Christian MkpadoKW CommercialMore Info
805-637-3623

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