2101 Bonsallo Ave
6 Unit Apartment Building $4,274,644 CAD ($712,441 CAD/Unit) 7.48% Cap Rate Los Angeles, CA 90007
INVESTMENT HIGHLIGHTS
- Newly Renovated Units Achieving High Rents
- Below Average Expense Profile
- Strong Student Housing Component
- Strong Cash Flow from Day 1
- Gentrifying Area Allowing for Above Average Appreciation
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $4,274,644 CAD |
| Price Per Unit | $712,441 CAD |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,718 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2024 |
| Parking Ratio | 0.17/1,000 SF |
UNIT AMENITIES
- Balcony
- Fireplace
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 150 |
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Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (88)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5124-031-017 | Improvements Assessment | $929,435 CAD |
| Land Assessment | $1,394,153 CAD | Total Assessment | $2,323,588 CAD |
ZONING
| Zoning Code | RD, Los Angeles |
