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Investment Highlights

  • Fully Vacant Four-Unit Asset
  • Two units powered by fully paid solar
  • Strong Stabilized Yield: Projected 9.31% cap rate,
  • 2 Brand New Non-Rent Controlled ADU units

Executive Summary

5903–5905 Bonsallo Ave is a four-unit multifamily investment property (inclusive of two ADUs) located in a high-demand South Los Angeles rental submarket. Built in 1923 and comprehensively renovated in 2025, the 3,232-square-foot building sits on a 5,625-square-foot lot and offers investors stable in-place income with moderate near-term upside through rent growth. The property is fully leased and master leased, providing consistent day-one income and simplified management. Current average rents are approximately $2,550 per unit, while projected market rents average approximately $2,800 per unit, representing roughly 10% rental upside as rents gradually adjust toward market levels. Offered at $1,275,000 ($318,750 per unit / $394.49 per SF), the property currently operates at an estimated 6.93% cap rate and 10.42 GRM, with stabilization projected to achieve approximately a 7.82% cap rate and 9.49 GRM. Renovated interiors, ADU income diversification, and operational upgrades such as paid solar and tankless water heaters support long-term tenant demand and expense efficiency.
Investment Highlights
Stabilized In-Place Income
Moderate Rental Upside
Attractive Day-One Yield
Projected NOI Growth
ADU Income Diversification
Operational Efficiency

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Property Facts

Price $1,275,000
Price Per Unit $318,750
Sale Type Investment
Cap Rate 6.93%
Gross Rent Multiplier 10.42
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 3,232 SF
Average Occupancy 0%
No. Stories 1
Year Built/Renovated 1923/2025
Parking Ratio 0.93/1,000 SF
Zoning LAR2 - Restricted Density Multiple Dwelling

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $2,887 704
3+2 2 $3,668 912
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
6004-031-031
Land Assessment
$520,200
Improvements Assessment
$109,242
Total Assessment
$629,442
  • Listing ID: 39020732

  • Date on Market: 1/8/2026

  • Last Updated:

  • Address: 5907 Bonsallo Ave, Los Angeles, CA 90044

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