Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3,456 sqft

$1,500,000

1978 Bonsallo, Los Angeles CA, 90007

Price per sqft$434.03
Built in1923
Property size3,456 sqft
Property typeCondominium
Listed by Ryan Gonzalez CA DRE# 01874815 with Lyon Stahl Investment Real Est [email protected]

Overview

Active

Listed Sep 16, 2026

Updated 2 weeks ago

We are pleased to present 1978 Bonsallo Avenue, a 6-unit multifamily investment opportunity in University Park, Los Angeles. Built in 1923, the two-story, 3,456 SF building sits on a 6,244 SF lot one block south of the I-10 — roughly a mile north of the USC campus and Exposition Park and two miles from Downtown Los Angeles, in one of the most renter-dense pockets in the city. The property offers a well-balanced mix of one 3-bed / 2-bath, two 2-bed / 1-bath, one 1-bed / 1-bath and two studio units. Interiors have been renovated with new shaker cabinetry, stone-look counters, stainless appliances, luxury vinyl plank flooring and updated tiled baths; gas and electricity are separately metered to each unit, and a large front parking court and rear balcony complete the offering. Average in-place rent of $2,115 sits well below market — pro forma rents of $2,441 represent roughly 15% upside on natural turnover. Offered at $1,500,000 ($250,000 per unit, $434.03 per SF), the asset delivers a 7.02% in-place cap rate growing to 8.46% pro forma and a 9.85 GRM, with demand anchored by USC, Exposition Park and Downtown's 325,000 jobs.

$9,980/mo

Est. mortgage payment based on a $1,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26202470

Interior Features

Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Ryan Gonzalez CA DRE# 01874815 with Lyon Stahl Investment Real Est [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/18/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/18/2026 at 4:29 AM UTC Last Checked: 4:29 AM UTC

 

 

Powered by Luxury Presence