6.4% CURRENT CAP RATE | FULLY RENOVATED & STABILIZED 6-UNIT IN USC DPS PATROL ZONE | SIGNIFICANT RENTAL UPSIDE! 1978 Bonsallo presents a rare opportunity to acquire a fully renovated, stabilized 6-unit asset in one of Los Angeles' most reliable student housing markets. While the property is already performing at a 6.4% cap rate, it offers meaningful upside through organic rent growth, as rents are slightly below market creating immediate potential for increased income. Ideally positioned near USC and Mount St. Mary's University, the property features charming Cape Cod-style architecture (originally built in 1923) across two structures, with an excellent unit mix: (1) detached 3BD/2BA home, (2) 2BD/1BA units, (1) 1BD/1BA, and (2) large studios, a highly desirable layout for student and young professional tenants. Each unit has been extensively renovated, showcasing brand new kitchens, designer-finished bathrooms, hardwood-style flooring, and fresh interior paint, all paired with efficient, functional floor plans that maximize rentability and long-term tenant appeal. The property spans approximately 3,456 SF on a quiet, tree-lined street in a sought-after rental pocket. Located less than a mile from USC, minutes to USC Village, and with easy access to Downtown LA, LA Live, and Crypto.com Arena. Tenants also benefit from walkable access to the Expo Line and convenient connectivity to the 10 and 110 freeways. Additional highlights include separately metered units and location within a Historic Preservation Overlay Zone (HPOZ). This is a turnkey, stabilized investment with strong in-place cash flow and clear, near-term rental upsideideal for investors seeking both security and growth in a high-demand Los Angeles submarket.
Listed by Vinnie Park
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License #02015848
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Keller Williams Larchmont
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213-332-9045
Last updated April 12, 2026
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Source: CRMLS #26669083
Listing Facts
TypeMulti-family
NeighborhoodUniversity Park
Bedrooms7
Days on Prevu38
Size3,456 sqft
Price per sqft$492
Amenities
Parking
Location
Mortgage Calculator
Listing History
04/12/2026
Price Decreased
$1,699,800
03/24/2026
Listed by Keller Williams Larchmont
$1,725,000
Property Details for 1978 Bonsallo Avenue
Exterior
Construction
Number Of Units Total: 6
Stories: 2
Stories Total: 2
Year Built: 1923
Features
Other Structures: Guest House
Measurements
Building Area Total: 3,456
Lot Size Acres: 0.14
Lot Size Area: 6,246
Lot Size Square Feet: 6,246
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.4
Gross Income: $145,874.00
Taxes
Parcel Number: 5124033013
Interior
Features
Appliances: Microwave, Refrigerator
Measurements
Living Area: 3,456
Rooms
Bathrooms Total Integer: 4
Bedrooms Total: 7
Parking
Parking
Parking Features: Assigned
Parking Total: 6
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 7 bedrooms in this multi-family home at 1978 Bonsallo Avenue.
Does this multi-family home have parking?
Yes, there are 6 parking spaces available for 1978 Bonsallo Avenue.
How does 1978 Bonsallo Avenue compare to other multi-family homes in University Park?
This multi-family home is listed 61% below the average price for multi-family homes in University Park and has been on the market for 61 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,456 sqft.
1978 Bonsallo Avenue is a 7-bedroom multi-family home for sale in Los Angeles CA 90007. Available on Prevu for 38 days at $1,699,800. This includes a recent price decrease of $25,200. This home features 3,456 square feet of living space, located in University Park. The median listing price for multi-family homes in this area is $3,212,500. Additional amenities include parking. View other multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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